Tag Archives: salary analysis

How to reward and increase employee loyalty?

Compensation and benefits
When a company decides to hire new employees, educates them, invests in a probation period and all the requisite technologies, understandably, it expect staff to stay as long as possible. But there is always churn. The Paylab Loyalty Report shows that, in general, loyal employees working for one employer for more than 5 years are in the minority on the labour market at only 27.5%. The largest group is those who are employed for less than 2 years. Attitudes of Millennials and Generation Z are even more complicated, because they have a tendency to consider their career challenges more often and look for opportunities elsewhere. What specific action steps can employers take in order to retain employees on board longer? How many employees do receive loyalty bonus?
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Salary analysis – How large a salary would cause an employee to stay at the same company?

Compensation and benefits
A salary is still the best source of motivation for work and is closely related to the value of a position on the labor market. HR professionals are well aware that some of these positions are filled quickly because there are more opportunities to choose from, but it is harder with other positions as it’s not easy to find qualified applicants with the necessary skills, specialization, and education in labor market or in a certain region.
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Do HR professionals have a good nose for salaries?

Compensation and benefitsSalaries in segment
It happens very often that personnel professionals in companies give a slight sigh during a job interview when it comes to applicants and their effusively high salary expectations. Applicants often don’t know, or have distorted imaginations about real salary range on a position they are applying for. Paylab tried to find out whether HR professionals have a good estimate for salaries. The fact is that “salary vision versus reality” is a challenge not just for applicants but also for HR professionals. We found it out on a special conference HR days, which took place in October 2016 in Prague (Czech Republic), and was a part of the biggest Czech job expo – Profesia Days 2016 Prague.
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