Remove Benefits Package Remove Employee Recognition Remove Profit Sharing Plan
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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Other employee retention examples include comprehensive benefits packages that are tailor-made to suit the employees’ welfare. This could include health benefits, time off, retirement assistance, etc. Here, other forms of monetary compensation are useful as well.

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57 Stellar Ways to Reward Employees for Good Performance & Acknowledging Employee Dedication

Empuls

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.

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