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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. 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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10 Employee Incentive Programs to Engage Your Team

Achievers

Organizations that do so are 41 percent more likely to see increased employee retention and 34 percent more likely to increase employee engagement. Perhaps most importantly, make frequent recognition easy for everyone on your team with an employee recognition platform that facilitates recognition from anywhere at the click of a button.