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Most employers have a powerful asset for employee retention, but few use it effectively. It’s their employee benefits plans. On average, employers lose 20 to 50 percent of employees annually, reports Bain & Company.

While there are many factors that influence employees’ decisions to change jobs, an excellent benefits package can impact their decision to stay. A Wells Fargo survey discovered that 85 percent of benefits managers believe benefits have the most impact on employee loyalty and engagement. Consider four ways to support retention efforts:

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