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How To Design An Effective Spot Bonus Program?

Vantage Circle

Although there are innumerable ways of rewarding your employees, rewards like spot bonuses undoubtedly win it. Unlike traditional performance-based bonuses typically tied to annual or quarterly reviews, spot bonuses can be awarded anytime. Why Give Spot Bonus to Employees? Hands down! Spot Bonus- What is it?

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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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Employee Recognition Program: Things You Need To know!

Vantage Circle

And that is something this blog will cover and give you a good headstart on how you can start your employee recognition program. According to Globoforce , 83% of HR leaders say that an employee recognition program benefits their company values. Key Takeaways Understand what a recognition program is. Only 52.6%

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Beyond Salary: Strategies to Attract and Retain Top Talent In the UAE

Bayzat

Factors Contributing to the UAE’s Talent Shortage Despite its thriving economy, below are factors contributing to the scarcity of UAE talent in the workforce: Unexpected Salary Expectations The 2022 Hays GCC Salary Guide shows that 21% of employers in the UAE struggle with candidates’ unrealistic salary demands.

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Annual bonuses: How much do they actually incentivize employees?

Achievers

Do you give your employees big annual bonuses as a reward for their work? If so, you have plenty of company: It’s common to rely on annual bonus plans to build employee motivation and pad salaries. Do you give them, or do employees earn them? Most bonuses, however, only come 1-4 times per year.

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Tips For Writing an Employee Recognition Letter (With Template)

Professionals Alternative

As a manager, one way you can show gratitude for the great work done by your employees is to write an employee recognition letter. Employee appreciation is something that you should try to set time and resources aside for since it is definitely worth it. Writing A Good Employee Recognition Letter. .

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What Hourly Workers Really Want (It Might Surprise You)

Achievers

Hourly workers are among the most unhappy employees in the workforce. They often take fewer vacations, have worse benefits, and are passed over for promotions compared to their salaried counterparts. Another work perk that hourly candidates care about is a performance-based employee bonus. Employee Recognition.

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