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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Consumer Affairs reported the top 5 reasons for quitting to be in search of better pay and better benefits, insufficient pay raises, unmet needs by their former employers, and pay inequality. Bonuses for top performers and performance reviews with the chance of a hike are also good motivators.

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

In other words, if the extrinsic reward is not offered by someone else—most likely the manager or the organization—the person might not want to complete a task. In other words, extrinsic rewards are needed when a person needs to complete a task but lacks the necessary push—usually from the manager or the organization.

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