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What are Total Rewards: Here’s A Holistic View

Empuls

"   -   Keith Reynolds PepsiCo By taking a total rewards approach - a combination of salary, benefits, incentives, rewards, and engagement- the whole shebang, focusing on all aspects of the employee’s wellbeing. Variable pay. Supplementary pay. Paid leaves. Only hard work pays off!

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The Role of Employee Benefits in Talent Retention: A Comprehensive Guide for HR Professionals

Hppy

As you can see, retaining key players in your team means more than just paying competitive salaries. Take tech giants like Google for instance; they famously provide their staff with free meals, gym access, unlimited paid leave time amongst other perks resulting in lower turnover rates compared to average technology firms.

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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. Not just salary. Paid Time Off (PTO). In fact, a survey on job satisfaction and engagement from SHRM found that: A vast majority (92%) of employees reported that paid leave is important to their overall job satisfaction.

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