HR Digest

AUGUST 5, 2023

While many companies may mistakenly believe that a high salary is enough to ensure a positive employee experience, the reality is much more complex. Employee experience is about more than just financial compensation; it is about creating a work culture that fosters growth, inclusivity, and a sense of purpose.

Financial Compensation 98

Financial Compensation Health Employee Recognition Salary 98

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. Flexibility.

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 189

Financial Compensation Employee Recognition Employee Incentives Employee Retention 189

Vantage Circle

JUNE 28, 2019

Rewards can be in the form of bonuses, salary hikes or monetary incentives. However, rewards can also be in the form of non-financial compensation such as company awards, promotional opportunities and more interesting projects. Related Article: 32 Rewards and Recognition Ideas to Boost Employee Recognition.

Non-financial Compensation 45

Non-financial Compensation Financial Compensation Construction Bonuses 45

Achievers

FEBRUARY 15, 2023

Make employees feel valued with recognition Employees want to work at an organization where they know they’re valued for what they bring to the job every day. A good salary won’t necessarily keep a dissatisfied employee around, and a chronic lack of appreciation can seriously tarnish your employer brand.

Employee Recognition 187

Employee Recognition Financial Compensation Salary Education 187

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