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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

DECEMBER 2, 2023

A Gallup report stated that the cost of replacing an employee could range from one-half to two times the employee’s annual salary. Consumer Affairs reported the top 5 reasons for quitting to be in search of better pay and better benefits, insufficient pay raises, unmet needs by their former employers, and pay inequality.

Employee Retention 96
Employee Retention Salary Health and Welfare 401(k) 96
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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

NOVEMBER 30, 2022

Leaders would like to believe that today, pay doesn't matter. But never make the mistake of assuming that pay is something that has been replaced. Pay still remains one of the most impactful motivators that make an employee refrain from moving to greener pastures. Definition Of Extrinsic Rewards. Well, not quite.

PTO 105
PTO Profit Sharing Plan Bonuses Paid Leave 105
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