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How to combine employee retention bonuses with recognition for maximum impact

Achievers

Did you know that for entry-level positions, turnover costs range from 30% to 50% of the employees annual salary ? To combat these challenges, many organizations turn to retention bonuses financial incentives designed to inspire loyalty and encourage employees to stay. What is an employee retention bonus?

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The Top 9 Ways to Improve Employee Loyalty in 2022

Empuls

Employee loyalty is similar. Loyal employees are ready to go the extra mile or miles. By arming employees with the right tools to be more efficient - and incentives to do their best work - engagement happens as a side effect, and your best employees are much less likely to start searching for greener grass.

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What is Employee Poaching & How to Deal With It?

HR Lineup

One practice that has become increasingly common is employee poaching. While it might sound like a term from a corporate espionage thriller, employee poaching is a real and pressing issue for many organizations. This article delves into what employee poaching is, its implications, and strategies for dealing with it effectively.

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Employee Loyalty Program: Boost Retention and Engagement

Empuls

Scopely’s creative recognition program effectively enhanced employee loyalty and reduced turnover, showcasing the impact of personalized rewards. Employee Loyalty Employee loyalty is the cornerstone of organizational success.

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10 Rules for Employee Retention Your Competition Will Hate

Insperity

It can be a detrimental setback when your top employees leave. Some companies are offering unhappy employees a “pay-to-quit” bonus. This is based on the philosophy that employees’ happiness is correlated to the success of the company. Your employees are human. No one said break-ups were easy.

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Extrinsic Motivation at Work: How Rewards Drive Workplace Success

Empuls

Motivating employees often requires more than just passion for the work itself. External rewards, or extrinsic motivation, have a key role in keeping employees driven. These motivators can be financial incentives like bonuses and raises or rewards such as recognition and promotions.

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What is a Boomerang Employee?

HR Lineup

Boomerang employees are individuals who leave a company, only to return to work for the same organization after a period of time. This phenomenon is reshaping traditional notions of employee loyalty and organizational relationships.

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