Vantage Circle

MAY 15, 2024

According to a Bersin & Associates study , organizations with effective recognition programs promoting employee engagement had 31% reduced voluntary turnover. Getting employee recognition right is tough - there's no two ways about it. The cost of employee turnover can be significant, often estimated to be 1.5

Employee Recognition 52

Employee Recognition Bonuses Utilities Financial Compensation 52

Vantage Circle

JANUARY 30, 2024

This statistic highlights the generational shift in priorities, where meaningful work and a sense of fulfillment outweigh financial compensation. 68% of HR professionals agreed that employee recognition positively impacts retention, while 56% said it also helps with recruitment.

Employee Recognition 52

Employee Recognition Employee Retention Financial Compensation Recruitment 52

Vantage Circle

AUGUST 16, 2021

Many companies are also willing to pay retention bonuses to keep employees on board. A retention bonus is financial compensation paid to employees who have remained with their organization for a specific length of time. They offer it as an incentive to ensure that employees don't leave their company.

Employee Incentives 52

Employee Incentives Bonuses Retirement Plan 401(k) 52

Achievers

AUGUST 4, 2022

Salaries matter, but if given the choice between working at an organization that offers higher pay and one with a reputation for providing a variety of exceptional incentives and other forms of recognition, many employees would choose the latter. Total rewards doesn’t just pertain to financial compensation ?

Financial Compensation 195

Financial Compensation Employee Recognition Employee Incentives Employee Retention 195

Vantage Circle

NOVEMBER 23, 2023

Nowadays, employees are looking for workplaces that offer a holistic experience. This includes opportunities for learning and development, a healthy work-life balance, a positive company culture, and an enriching environment beyond financial compensation. Regarding retirement savings, GM provides salaried U.S.

Family and Medical Leave Act 64

Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 64