Positive News in Survey of Tennessee Employers: Little Change in Turnover and Benefits Costs But More Merit Increases are Planned
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Positive News in Survey of Tennessee Employers: Little Change in Turnover and Benefits Costs But More Merit Increases are Planned

Knoxville : TN : USA | Oct 02, 2011 at 12:32 AM PDT
Source: PRWeb
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October 02, 2011

Tennessee's employers are reporting a slightly higher monthly employee turnover rate than they did last year-and a rate that is about half of the national average. Even so, significantly more are planning merit increases than last year...These are typical results.

  •     Roughly 76 percent of Tennessee's employers are planning merit increases for this year-a significant increase from the 56 percent who planned increases last year. The state's overall merit increase is projected to be 2.8 percent for this year and next year, which is on target with last year's projections.

  •     Regarding employee benefits costs, the good news is that 71.6 percent of Tennessee employers reported an increase of 10 percent or less in their medical insurance premiums. The bad news is that 28.4 percent reported an increase of 11 percent or more in their premiums. Overall, this is a slight improvement over last year.

    • In addition to sharing its statewide survey findings, Effective Resources, Inc...To learn more about the surveys and their availability, visit http://www.salarysurveyonline.com

    About Effective Resources
    Effective Resources, Inc...Visit our website at: http://wwwEffectiveResources.com

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    For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2011/10/prweb8844179.htm

     
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    READ MORE: Tennessee Salary, Tennessee SHRM, East Tennessee, West Tennessee, Middle Tennessee, human resources, merit increase, turnover rate, tennessee employers, Knoxville
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