Remove 401(k) Remove Books Remove Paid Leave Remove PTO
article thumbnail

10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

Paid Time Off (PTO). Offering paid time off— or PTO— can be a great extrinsic reward for those companies. PTO is any time off that is compensated by an employer. This means PTO is every vacation time, sick days, bereavement, and jury duty are all PTO. Life insurance. Tuition assistance.

PTO 106
article thumbnail

10 Employee Incentive Programs to Engage Your Team

Achievers

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. If a profit sharing plan doesn’t suit your company, you can still use retirement benefits to incentivize employees by offering to match part or all of their 401k contributions.

article thumbnail

5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

Retirement savings plans – Offering a defined contribution retirement plan, such as a 401(k), can help you stay competitive. Paid time-off (PTO) – Most employees will expect you to offer paid time off for national holidays, as well as vacations and sick leave (the standard is at least three weeks per year).

Banking 50