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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

The survey also found that 80% of employees would choose additional benefits over a pay raise. Profit-sharing Plans. If you want your people to tackle the company's goals like their own, you need to drive the fact that the more profits the company makes, the more profitable it will be for them.

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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

In her book Keeping the People Who Keep You in Business , Leigh Branham recommends companies actively work to retain key employees, at least the top 80 percent. A Gallup report stated that the cost of replacing an employee could range from one-half to two times the employee’s annual salary.