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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Leading companies like Microsoft and Google are known for providing exceptional compensation to their employees, but not every business can afford top dollar to fill every role. Bonuses for top performers and performance reviews with the chance of a hike are also good motivators.

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57 Stellar Ways to Reward Employees for Good Performance & Acknowledging Employee Dedication

Empuls

In contrast, organizations that prioritize recognition and rewards experience a 31% lower voluntary turnover rate. Here are the effective ways to reward employees for good performance. Performance bonuses Performance bonuses are a common and effective way to reward employees for their outstanding work.

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