Employee Retention definition

Employee Retention means offering work to or retaining employees following a business succession.
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Employee Retention is hereby added as follows:
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Employee Retention identify best practices and opportunities for improvement that influence retention and turnover, identify opportunities for improvements in human resources practices that result in efficiencies and enhanced support to internal customers - Provide employees with medical, dental, vision, life, and short-term and long-term disability plan administration - Provide non-qualified deferred compensation plan administration - Provide 401k and ESOP plan benefits - Provide Flexible Spending Plan benefits - Provide COBRA administration - Provide tuition reimbursement - Provide employee assistance program (EAP) administration - Provide leave benefits - Provide workers' compensation benefits - Develop and administer market competitive, legally compliant base and variable pay programs - Assess, streamline, and develop ways to improve company efficiencies through automation and programming - Provide all recruitment functions, including sourcing, screening, and placement of qualified candidates. - Recruitment activities include: active and passive sourcing methods, background checks (i.e., criminal, Department of Motor Vehicles, credit and education), reference checking, interviewing, testing and new hire administrative processing. REGULATORY REPORTING RESPONSIBILITY - Xxxxx-Xxxxx-Xxxxxx Act - Bank Privacy Act - Workers' Compensation/Fair Labor Standards Act HIPAA Privacy Act - Equal Employment Opportunity - Applicable state laws
Sample 1

Examples of Employee Retention in a sentence

  • Employee retention credit for employers subject to closure due to COVID-19.

  • These include:• Expected future salary rates• Discount rates• Employee retention rates; and• Expected future payments Changes in these estimations and assumptions may impact on the carrying amount of the long service leave provision.

  • Employee retention credit for employers affected by qualified disas- ters.

  • Employee retention credit for employers affected by Hurricane Katrina.TITLE III—CHARITABLE GIVING INCENTIVESSec.

  • To determine the displacement of another Employee, retention points shall be computed on the basis of one (1) point for each full month of civil service employment in the applicable Employer except that the service time of classes of Employees whose functions are transferred from one Employer to another Employer through action of the Legislature shall be credited with retention points.

  • Employee retention and turnover: Using motivational variables as a panacea.

  • Employee retention credit for employers affected by qualified disasters (Form 5884-A).

  • Employee retention refers to the ability of an organization to retain its employees.

  • Employee retention payments equal to a percentage of the base pay shall be paid to eligible full time bargaining unit members according to the following schedule: 6 – 10 years of service 1% of base, 11 – 15 years of service 1.5% of base, 16 – 20 years of service 2% of base, 21 – 25 years of service 2.5% of base, 26 – 30 years of service 3.25% of base, 31 or more years of service 4.0% of base.

  • Employee retention relationship to training and development: A compensation perspective.


More Definitions of Employee Retention

Employee Retention. The Committee’s assessment of the amount of regrettable losses during the Performance Period and in connection with the Merger. Except as may otherwise be determined by the Committee in its sole discretion, none of the Performance Shares will be earned if the Merger is not completed during the Performance Period.
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Related to Employee Retention

  • Executive Employee means those employees of the Company of Grade Level 10 or above.

  • New employee orientation means the onboarding process of a newly hired classified employee, whether in person, online, or through other means or mediums, in which employees are advised of their employment status, rights, benefits, duties and responsibilities, or any other employment-related matters.

  • Company Employee Agreement means any management, employment, severance, change in control, transaction bonus, consulting, repatriation or expatriation agreement or other contract between any Group Company and any current or former employee, director or officer of such Group Company.

  • Pharmacy benefits management means the administration or management of prescription drug

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • Management Employee means an employee in a position having significant responsibilities for formulating district policies or administering district programs. Management positions shall be designated by the public school employer subject to review by the Public Employment Relations Board.

  • Company Employee means any current or former employee, independent contractor or director of the Company or any Company Affiliate.

  • Retained Employees has the meaning set forth in Section 6.1.1.

  • Expatriate Personnel means such persons who at the time of being so hired had their domicile outside India;

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Retained Employee does not include any individual who has a direct or an indirect ownership interest of at least five percent (5%) in the profits, equity, capital, or value of the Taxpayer, or a child, grandchild, parent, or spouse, other than a spouse who is legally separated from the individual, of any individual who has direct or indirect ownership interest of at least five percent (5%) of the profits, equity, capital or value of the Company.

  • Part-Time Employees means employees employed on a permanent basis, but obligated to work less than a full (i.e., forty-hour) work week.

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Continuing Employees shall have the meaning set forth in Section 6.9(a).

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Active Employees means all employees employed on the Closing Date by Seller for its business who are employed exclusively in Seller’s business as currently conducted, including employees on temporary leave of absence, including family medical leave, military leave, temporary disability or sick leave, but excluding employees on long-term disability leave.

  • Continuing Employee has the meaning set forth in Section 6.7(a).

  • Public employees retirement system means the retirement plan and program

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Designated Employees means a person occupying any of the following position in the Company:

  • Health benefits plan means a benefits plan which pays or

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • income-related employment and support allowance means an income-related allowance under Part 1 of the Welfare Reform Act 2007;

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Living Wage Employee means any and all employees of the Contractor and all Subcontractors of the Contractor that perform any part of the Work on a property owned by or leased to the City, including all streets, sidewalks and other public rights of way, for at least one consecutive hour, but excluding Students, volunteers and employees of Social Enterprises;