article thumbnail

7 ways to support employees during economic inflation

Insperity

In addition to reducing employers’ financial risk, bonuses act as a powerful incentive for employees to maintain strong performance despite personal distractions. Often, companies are able to offer benefits to employees that, while not costly to the bottom line, deliver value to employees personally while increasing their engagement.

401(k) 86
article thumbnail

How HR can give your company’s employee retention strategy a boost

Insperity

Training and development To feel comfortable staying with a company for the long haul, employees want to know that they have a viable career path there, with opportunities for internal mobility and continual learning and development of their skills.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What are Total Rewards: Here’s A Holistic View

Empuls

Employee total rewards are a combination of benefits, compensation, and rewards that employees receive from their organizations, including wages and bonuses, rewards, performance recognition, workplace flexibility, career opportunities, etc. Employee discounts & meal plans. Employee experiences.

Bonuses 52
article thumbnail

How to tackle wage growth and remain competitive in a tough market

Insperity

All of this helps you treat employees equitably and avoid legal problems down the road. Here are a few simple steps to get started creating a compensation strategy: Assess your current pay practices, including base pay along with any bonuses or incentive plans. Workplace flexibility. Employee recognition.

Salary 97
article thumbnail

How to tackle wage growth and remain competitive in a tough market

Insperity

All of this helps you treat employees equitably and avoid legal problems down the road. Here are a few simple steps to get started creating a compensation strategy: Assess your current pay practices, including base pay along with any bonuses or incentive plans. Workplace flexibility. Employee recognition.

Salary 82
article thumbnail

How to retain employees and thrive during the Great Resignation

Insperity

Although most of the categories below can be included in a retention strategy, the big three to think about are: Competitive salaries and benefits – Review your salary structure , bonus programs employee benefits and other employee recognition programs to see where you have room to make improvements.

PTO 103