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Total rewards doesn’t just pertain to financialcompensation ? Financialcompensation. Financialcompensation isn’t the be-all and end-all of incentivizing employees, but it’s still a key part of an organization’s total rewards offerings. Think of it as the foundation for an effective total rewards strategy.
Gamification can pe utilized in different ways, for eg. Utilizing data on employee performance and preferences is revolutionizing recognition programs by making them more personalized and impactful. But in 2024, a basic "bonus" or a generic "good job" won't be enough.
Gamification can pe utilized in different ways, for eg. Utilizing data on employee performance and preferences is revolutionizing recognition programs by making them more personalized and impactful. But in 2024, a basic "bonus" or a generic "good job" won't be enough.
A study found that nearly one-third of employees leave their jobs within a month of their promotion, highlighting that financialcompensation isn't everything. Unsurprisingly, many organizations face this situation: their carefully crafted bonuses fail to motivate the employees.
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