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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.
These include self-service employee onboarding, document storage, payroll processing, tax filing, reporting, and human resources (HR) compliance assistance. Justworks is the top startup choice due to its responsive 24/7 customer support, transparent pricing, and user-friendly, technology-driven platform. Manage time off requests.
Employee benefits are non-wage compensation provided by employers to their employees in addition to their regular salary or wages. These benefits can come in various forms, such as health insurance, retirement plans, paid time off, bonuses, employee discounts, tuition reimbursement, and more.
This form of compensation offers employees a stake in the company's success and the opportunity for financial gain if the stock price rises over time. 💡 Microsoft, a pioneer in the tech industry, has long used employeestockoptions as a key part of its compensation strategy.
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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