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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. Compensation and Benefits Appropriate compensation for the work done is a key component of many employee retention strategies.

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The Payday Puzzle: Solving Employee Compensation and Benefits

HR Digest

What is employee compensation? Compensation is the total amount of pay and benefits that an employee receives in exchange for their work. It includes monetary rewards like a base salary, bonuses, commissions, and any other incentives that an organization offers.

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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.