Remove Bonuses Remove Employee Retention Remove Manufacturing Remove Salary
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How to Improve Employee Engagement in the Manufacturing Industry?

Empuls

At the moment, manufacturing companies are dealing with many challenges such as labor shortages, skill gaps, high turnover rates, and more. To soften these blows as much as possible, employee engagement in the manufacturing industry becomes critical. The percentage goes up to 36% for US employees.

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6 Types of Bonuses and Perks for Employees

HR Digest

. Bonuses are a way to show appreciation of an employee’s effort or performing a task beyond and above the call of duty. This form of recognition can take many forms, but the whole point behind the gesture is to make employees feel valued. . It is a bonus on top of the basic salary dependent on the company’s profit.

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How Employee Perks Can Help Companies in the US

Vantage Circle

Employee perks are the enticing extras employers offer their staff, going beyond the regular paycheck to make the workplace more inviting and fulfilling. These incentives span a wide array, from health benefits and retirement plans to flexible work arrangements, financial bonuses, and professional development opportunities.

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14 Companies with Great Employee Rewards and Recognition Programs

Empuls

In April 2015, when the story broke about Gravity Payments CEO Dan Price taking a pay cut to raise his staff's salary to $70,000 a year and reward them for their hard work, the internet was divided. Heavily ridiculed, the young CEO stuck to his guns and cut his salary of $1.1 Opinions ranged from disbelief to disdain.

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20 Employee Appreciation Ideas That Will Make You Stand Out in 2024

Empuls

→ Moreover, recognition plays a pivotal role in employee retention. In a survey conducted by Glassdoor , 53% of employees reported that they would stay at their current company longer if they felt more appreciated. How it works Employees have access to a platform where they can easily send and receive gThanks. 

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How Gender Pay Gap Affects Your Business

Vantage Circle

IT services showed a clear pay gap of 26% in favor of men, and in the manufacturing sector, they earn 24% more than women. According to the latest Monster Salary Index (MSI) 2019, the current gender pay gap in India stood at 19 percent where men earned Rs 46.19 Identify the trend and the salary outline. And The Current Scenario.

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7 Practical Performance Appraisal Methods for the Modern Workforce

Empuls

Companies perform appraisals to sometimes determine which employee in the team is up for a promotion based on their overall performance. Evaluation helps organizations reveal which employee deserves better compensation, for instance, a salary raise or a bonus, and so forth. This could be through setting up training programs.