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Support Your Employees’ Financial Health

eni

Just as accidents are rarely predictable, financial hardships can come as a shock to those facing unexpected expenses from an injury, hospital stay or personal loss. Therefore, other efforts to minimize financial stressors may simply include 401K matching and transparency around pay raises and bonuses.

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12 Strategies for Healthcare Employee Retention for Building a Stable and Satisfied Workforce

Empuls

→ According to a report by NSI Nursing Solutions, the average hospital turnover rate in the U.S. Tangible rewards, such as bonuses or pay raises, can complement non-monetary incentives like public recognition, additional vacation days, or opportunities to attend conferences and seminars. was about 15.9%

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Overcoming seasonal impacts on employee motivation

Insperity

To wit, think of those annual nightly news stories highlighting Jewish healthcare professionals volunteering for hospital shifts at Christmas.). Obviously, holiday bonuses or pay raises for the new year can be a major morale boost, but don’t underestimate the power of expressing sincere gratitude for jobs well done.