article thumbnail

The myriad use cases for a technology-enabled employee recognition platform

Achievers

This is when enterprises realized the importance of performance-based bonuses and physical and symbolic rewards such as trophies and plaques and recognized that these were a greater driver of productivity and motivation than previously leveraged employee benefits such as paid leaves and health benefits.

article thumbnail

Effective Ways to Reward Employees for Good Performance

Vantage Circle

Bonuses and Incentives How it helps : Tying bonuses and incentives directly to achievements motivates employees to perform better and go beyond. Transparency builds trust and leaves no room for confusion or misconceptions that could demotivate the members. Monetary Rewards for Outstanding Performance 1.

Bonuses 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Employee Incentive Programs to Engage Your Team

Achievers

Bonuses and raises. Rewarding employees with bonuses and raises can be incredibly powerful. employees prefer bonuses based on personal performance. Encourage them to take the paid leave they have ? A survey conducted by Payscale found that 65 percent of U.S. Strike a balance with your policies ?

article thumbnail

How to Retain Employees During the Great Resignation

HR Lineup

Rewarding them with lunch dates or paid leave can also go a long way in boosting employee retention after resignation. . In addition, implement an excellent bonus structure for as long as it doesn’t dig deep into your business’s finances. Plus, recognize top performers and praise them for their input.

article thumbnail

What is Volunteer Time Off (VTO) and How to Use it?

HR Lineup

However, most organizations apply paid time off and ignore volunteer time off. Paid time off (PTO) is a paid leave where the employee’s activity is not restricted. What then is the difference between the two policies? Keep reading to understand the difference. VTO vs PTO.

PTO 246
article thumbnail

BT Group to roll out new family leave policy

Employee Benefits

Multinational telecommunications firm BT Group is to roll out a new family leave policy for its UK employees from 1 January 2025. The group’s new family leave policy is aimed at levelling up paid leave for any parent welcoming a new child. In addition, BT Group launched a carers leave policy last month.

article thumbnail

Why employee wellness matters – and how it’s good for business

Insperity

Increased paid time off (PTO) and alternative forms of paid leave. Explore other financial incentives for employees, such as performance or retention bonuses. (Of course, this depends on their role and requires some parameters to be put in place.) Flexibility at work may include: Remote or hybrid work options.