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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Consumer Affairs reported the top 5 reasons for quitting to be in search of better pay and better benefits, insufficient pay raises, unmet needs by their former employers, and pay inequality. Bonuses for top performers and performance reviews with the chance of a hike are also good motivators.

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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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American employers’ push for minimum wage increase faces an uphill battle

HR Digest

The world’s biggest online retailer Amazon a pay raise for over 500,000 workers across its fulfilment and transportation sectors. This pay bump could be as low as an additional 50 cents an hour to as much as three extra dollars per hour.

401(k) 52
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Support Your Employees’ Financial Health

eni

Therefore, other efforts to minimize financial stressors may simply include 401K matching and transparency around pay raises and bonuses.

401(k) 68
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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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What are Total Rewards: Here’s A Holistic View

Empuls

Employee total rewards are a combination of benefits, compensation, and rewards that employees receive from their organizations, including wages and bonuses, rewards, performance recognition, workplace flexibility, career opportunities, etc. Variable pay. Supplementary pay. Only hard work pays off! Overtime wage.

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3 Tech Tools No HR Department Should Be Without

Insperity

W-4 changes, pay raises, etc.) And for changes that will be standard going forward, such as a pay raise or new 401(k) deduction, there is no need to enter this again. Most payroll systems house historic data in the form of piece rate, commission, bonuses and other special pay types.