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Ways to keep a good specialist if a competitor pays a higher salary

Hppy

Of course, giving your employees the desired level of pay raise is the best option for keeping them in the company. In order to do that, your human resource specialists have to do competitive research, analyze the sums required to lead a healthy lifestyle, creating a pay raise system.

Salary 69
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What are Total Rewards: Here’s A Holistic View

Empuls

Variable pay. Overtime wage. Supplementary pay. Variable pay - Also called ‘pay at risk,’ this part of the salary package has to be ‘earned’ by meeting or exceeding certain defined criteria. Only hard work pays off! This table breaks it down for easier understanding: Compensation.

Bonuses 52
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12 Strategies for Healthcare Employee Retention for Building a Stable and Satisfied Workforce

Empuls

This entails conducting regular performance reviews wherein employees receive constructive feedback and acknowledgment for their achievements. 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.

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Overcoming seasonal impacts on employee motivation

Insperity

Whether it’s the holiday hoopla at the end of the year, flu season at the start or summer vacation’s siren call in the middle, individual performance and the overall mood can suffer from the seasonal impacts on employee motivation. The good news is simple employee recognition can reignite enthusiasm and remind employees that you care.