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Ultimately, your EVP differentiates your organization from other employers and shows employees why they should want to work for you. Providing great benefits and supporting employeewell-being also improves employee engagement and morale, resulting in better work quality and productivity.
You could also introduce a company-specific role progression timeline for interested employees, with salary and bonus incentives. Improve Compensation and Benefits On the subject of bonus incentives, offering biopharma employees a competitive salary, bonuses, and stockoptions can also make a big difference in retention.
Festival Bonuses: Many Indian companies offer bonuses during major festivals like Diwali. This perk is culturally significant and highly appreciated by employees. Employee Recognition Programs These programs reward employees for their hard work and dedication, boosting morale and motivation.
However, the packages should meet the needs and expectations of employees. Increased EmployeeWellness: An employee benefits platform can promote employeewellness by providing tools for tracking and managing wellness programs, such as fitness challenges or stress management initiatives.
These nominations are shared company-wide, and the recognized employees receive rewards that range from gift cards to extra paid time off. Another fun recognition practice is the “Coworker Bonus Program,” where employees can award each other small bonuses that can be cashed out for real money.
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