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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. Online platforms like Mo, Nectar, and Bonusly are very useful for planning out employee rewards and engagemen t.

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57 Stellar Ways to Reward Employees for Good Performance & Acknowledging Employee Dedication

Empuls

In contrast, organizations that prioritize recognition and rewards experience a 31% lower voluntary turnover rate. Some companies share a portion of their profits with employees as a way to reward them for their contributions to the company's success.

Bonuses 40
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10 Employee Incentive Programs to Engage Your Team

Achievers

Organizations that do so are 41 percent more likely to see increased employee retention and 34 percent more likely to increase employee engagement. Perhaps most importantly, make frequent recognition easy for everyone on your team with an employee recognition platform that facilitates recognition from anywhere at the click of a button.