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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

employees quit their jobs in a year, indicating an average of 4.2 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. How to Improve Employee Retention?

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How inflation affects pay raises

Business Management Daily

Some saw typical wage growth and bonuses, but most of us received salary cuts as inflation ate up more and more of our paychecks. Companies like American Airlines received billion-dollar bailouts in the Payroll Support Program to make up the difference, but they chose to use the money on executive bonuses and a fleet of new jets instead.

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What’s a merit increase, and should your business use them?

Business Management Daily

As such, employers must do everything they can to attract and retain high-performing employees, and issuing regular merit increases is one of the best ways to do so. A merit increase or merit raise refers to a pay increase based on an employee’s performance. It’s not just a bonus, either. What is a Merit Increase?

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The Neuroscience of Employee Engagement

Achievers

Job satisfaction is at the heart of employee engagement. Drive to Acquire : the need to seek, to take control, and to retain objects and personal experiences of value in pursuit of immediate gratification.This can be fulfilled with short term gratification through employee recognition and rewards. And it works!

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The Neuroscience of Employee Engagement

Achievers

Job satisfaction is at the heart of employee engagement. Drive to Acquire : the need to seek, to take control, and to retain objects and personal experiences of value in pursuit of immediate gratification.This can be fulfilled with short term gratification through employee recognition and rewards. And it works!

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6 tips for reducing employee turnover

Hppy

There are a lot of different ways that you can show your employees that you appreciate them! Here are just a few: Offer annual bonuses. Provide regular pay raises. Give them benefits, like paid time off or employee discounts. Consider holding regular pay reviews with all of your staff members, as well.

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12 Rewards & Recognition Ideas in the Manufacturing Industry to Improve Engagement

Empuls

The manufacturing industry presents its own set of challenges when it comes to employee engagement and motivation.  Recognizing and rewarding employees for maintaining high-quality standards can lead to improved product quality and customer satisfaction. It's a sector where productivity, efficiency, and quality are paramount.