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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

According to Glassdoor's 2015 Employment Confidence Survey : 60% of people report that benefits & perks are a major factor in considering whether to accept a job offer. The survey also found that 80% of employees would choose additional benefits over a pay raise. Timely And Frequent Bonuses.

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Support Your Employees’ Financial Health

eni

When building a benefits package for an ever-changing workforce, you may feel a bit overwhelmed trying to integrate support solutions with employee struggles. Employees may choose to access online tools to manage daily expenses or whenever they are facing a life event that requires them to take a look at their finances.

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

While there are many factors which may cause this, one of the main reasons is repetitive and tedious benefits. Employees Prefer Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% employees aged 35-44 favor benefits to pay raises. Top 7 Benefits Millennials Want.

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

While there are many factors which may cause this, one of the main reasons is repetitive and tedious benefits. Employees Prefer Compensation and Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% of employees aged 35-44 favor employee benefits to pay raises.

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12 Strategies for Healthcare Employee Retention for Building a Stable and Satisfied Workforce

Empuls

Tangible rewards, such as bonuses or pay raises, can complement non-monetary incentives like public recognition, additional vacation days, or opportunities to attend conferences and seminars. Organizing team-building events , feedback sessions, and cultural sensitivity trainings can further enhance the cohesiveness of the team.

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7 Ways to Improve Productivity In the Workplace

Hppy

The University of Warwick’s Centre for Competitive Advantage in the Global Economy found that employees struggling with negative life events, like illness or a death in the family, had lower productivity. (“BLE” BLE” stands for “Bad Life Events.”). Benefits package – Ensure a competitive benefits package as well.