HR Digest

APRIL 13, 2023

Another way to manage compensation is to offer performance-based incentives such as monetary rewards, bonuses, commissions, and profit-sharing plans. These incentives can promote pay equity and motivate employees to work harder and perform better, which can ultimately benefit the organization.

Employee Compensation 64

Employee Compensation Retirement Plan Profit Sharing Plan Commissions 64

HR Digest

DECEMBER 2, 2023

The SHRM study also found that 62 percent of employees reported health care/medical benefits as important job satisfaction components, and 41 percent valued defined contribution plans like 401(k). Online platforms like Mo, Nectar, and Bonusly are very useful for planning out employee rewards and engagemen t.

Employee Retention 96

Employee Retention Salary Health and Welfare 401(k) 96

Empuls

OCTOBER 11, 2023

In contrast, organizations that prioritize recognition and rewards experience a 31% lower voluntary turnover rate. Some companies share a portion of their profits with employees as a way to reward them for their contributions to the company's success.

Bonuses 40

Bonuses Retail Food Benefits Package 40

Achievers

OCTOBER 20, 2020

Organizations that do so are 41 percent more likely to see increased employee retention and 34 percent more likely to increase employee engagement. Perhaps most importantly, make frequent recognition easy for everyone on your team with an employee recognition platform that facilitates recognition from anywhere at the click of a button.

Employee Incentives 262

Employee Incentives Profit Sharing Plan 401(k) Bonuses 262