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16 Employee Perks Your Team Wants More Than a Pay Raise [Infographic]

SnackNation

16 Employee Perks Your Team Wants More Than a Pay Raise [Infographic]. 40% of respondents to Glassdoor’s Q3 2015 employment confidence survey said that they value health insurance more than a pay raise. Performance bonuses are a fantastic way to do just that. Performance bonuses are a fantastic way to do just that.

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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

In her book Keeping the People Who Keep You in Business , Leigh Branham recommends companies actively work to retain key employees, at least the top 80 percent. Bonuses for top performers and performance reviews with the chance of a hike are also good motivators. Here, other forms of monetary compensation are useful as well.

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When employees ask for a raise: 5 steps to a win-win outcome

Insperity

When an employee asks you for a pay raise, it’s easy to feel taken off guard. A compensation philosophy defines what’s important at your company when it comes to managing pay. By doing so, you can greatly reduce the likelihood you’ll be approached by your staff with raise requests (and avoid the disruptions).

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

The survey also found that 80% of employees would choose additional benefits over a pay raise. In addition to the employee's salary and bonuses, an employer may pay it directly or indirectly. Timely And Frequent Bonuses. Employee rewards tied to specific tasks are referred to as task-based bonuses.

PTO 105
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Is your company’s pay equitable? 5 must-read tips

Insperity

Salary structure, pay grades and bonus plans – Ensure objective criteria are used and aligned with job categories. Be aware that even if these positions have different titles, if the employees are doing fundamentally the same work, they usually shouldn’t be in different pay grades.

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

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. Below listed are some employee benefits which employees feel are better than pay raises: Health Insurance. Bonuses through Time-Off. Performance Bonus.

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

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. Bonuses through Time-Off. They are moving from traditional monetary bonuses to providing paid weekend getaways. Performance Bonus.