Remove 401(k) Remove Bonuses Remove Books Remove Profit Sharing Plan
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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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10 Employee Incentive Programs to Engage Your Team

Achievers

Profit sharing. Profit sharing plans are a type of defined contribution plan that can serve as an alternative or supplement to more traditional plans like a 401k. Bonuses and raises. Rewarding employees with bonuses and raises can be incredibly powerful.

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

Profit-sharing Plans. If you want your people to tackle the company's goals like their own, you need to drive the fact that the more profits the company makes, the more profitable it will be for them. Hence, enter the profit-sharing plan. Timely And Frequent Bonuses. Life insurance.

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