More Employers Use Benefits over Pay to Retain Workers

May 19, 2010 (PLANSPONSOR.com) – A new survey finds more employers are using benefits to retain workers than are using bonuses or salary increases.

Over a third (34%) of respondents to the survey by NuView Systems Inc., a global HR & payroll software platform provider, are offering better benefits and incentives as a retention tool, while 15% are using bonuses and pay increases. According to a press release, 20% of organizations have increased their training and development programs to boost retention rates, while another 20% have not changed anything to help with retention.  

NuView found that more than 53% of companies reported that they are hiring – an increase over findings a year ago. Regardless of whether they are hiring, 58% of companies report seeing an influx of resumes.

The survey also showed that while employers are turning to social media in the recruiting process, the more traditional methods, including job boards, Web sites, and employee referrals, are still more prevalent for attracting candidates, the announcement said.

More information about NuView is at http://www.nuviewinc.com.

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