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How to determine pay raises for employees in 2022

Business Management Daily

That means it’s a great time to start thinking about pay raises. Pay raises are particularly important going into 2022 as turnover rates continue to soar. Employees that feel undervalued or underpaid will not stick around long, so do your best to provide annual salary raises. How to determine pay raises.

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16 Employee Perks Your Team Wants More Than a Pay Raise [Infographic]

SnackNation

16 Employee Perks Your Team Wants More Than a Pay Raise [Infographic]. What they fail to realize is that for today’s worker, salaries are more of a threshold than a scorecard. What they fail to realize is that for today’s worker, salaries are more of a threshold than a scorecard. But what perks really matter to employees?

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

The survey also found that 80% of employees would choose additional benefits over a pay raise. Not just salary. Paid Time Off (PTO). Offering paid time off— or PTO— can be a great extrinsic reward for those companies. PTO is any time off that is compensated by an employer. Life insurance.

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15 Insanely Fun Peer-to-peer Recognition Ideas That Sparks Joy

Vantage Circle

Can Peer Recognition Be As Effective As A Pay Raise? Pay raises are always going to be big reasons why a top talent accepts or leaves a job. When you focus on salaries alone, you might end up with a team that gets the job done. It was also not integrated into the feedback/peer review structure for promotions.

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Overcoming seasonal impacts on employee motivation

Insperity

When you think about motivating employees, you might naturally gravitate to things like: Generous salaries Good healthcare Paid time off Overtime Holiday breaks. For instance, in companies with perks like paid-time off (PTO), spring may afford staff members the chance to do a little gardening, take a day trip or repaint their home office.