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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Other employee retention examples include comprehensive benefits packages that are tailor-made to suit the employees’ welfare. This could include health benefits, time off, retirement assistance, etc. Here, other forms of monetary compensation are useful as well.

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Everything You've Ever Wanted To Know About ESOP Plan

Vantage Circle

It is also referred to as an employee stock option plan (ESOP) or an employee stock purchase plan (ESPP). In other words, an ESOP plan is an employee benefit program , somewhat similar to a profit-sharing plan. ESOP plan can be an effective form of an employee incentive.

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

When looking for a new job, any self-respecting employee would look at the complete benefits package. Because majority of the companies know employees do this, and so they create a comprehensive package of benefits to attract employees. Employee Assistance Programs (EAPs). Commuter benefits.

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