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Annual bonuses: How much do they actually incentivize employees?

Achievers

Do you give your employees big annual bonuses as a reward for their work? If so, you have plenty of company: It’s common to rely on annual bonus plans to build employee motivation and pad salaries. Do you give them, or do employees earn them? Most bonuses, however, only come 1-4 times per year.

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Trend alert: Employee recognition is hot and lapel pins are not

Achievers

Does your employee engagement strategy reflect what employees truly want and even expect from their employers? Passé trends include: Ad hoc and disconnected recognition. Annual or semi-annual feedback & bonuses. Cross-team recognition. Wonder what other recognition styles are in this season? What’s out?

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4 Types of Recognition for Employees

Achievers

Informal recognition includes every form of appreciation that isn’t planned in advance by your organization. It might be a shout out in the weekly staff meeting, a thank you message over chat, or a gift of reward points on your organization’s employee recognition platform. Formal recognition. Monetary recognition.

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12+ Creative Staff Bonus Ideas That Go Beyond Cash Rewards

Empuls

Bonuses have long been a favorite tool for employers to boost employee motivation and engagement. However, a 2021 study found that nearly 78% of employees feel more motivated when they receive a mix of both financial and non-monetary rewards. The challenge is that not all bonuses are created equal.

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New research reveals the business case for employee recognition

Achievers

The latest research from Bersin & Associates proves companies that say “thank you” to employees far outperform companies that do not. The data comes from ” The State of Employee Recognition in 2012 ” report, revealing the secrets of employee recognition and the business results achieved from these programs.

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4 types of recognition for employees

Achievers

Informal recognition includes every form of appreciation that isn’t planned in advance by your organization. It might be a shout out in the weekly staff meeting, a thank you message over chat, or a gift of reward points on your organization’s employee recognition platform. Formal recognition. Social recognition.

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Appreciate Employees How They Want to Be Appreciated [Survey Data]

Achievers

Real motivation and employee retention are rooted in recognition. Unfortunately, a lack of recognition is the third most common reason employees leave their employers. When done correctly, employee recognition can be one of the most effective ways to boost the employee experience and appreciate employees.