Remove Employee Recognition Remove Employee Wellness Remove Paid Vacation
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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

Yet many business owners today still seem hesitant to invest in better coverage or more paid vacation hours to woo new talent. The recession created an employer’s market where employees often had to settle for “good enough” when it came to their benefits. Ten years ago, that wasn’t a problem.

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10 Basic Employee Needs And How To Meet Them

Vantage Circle

Regular assessment of salaries will give you confidence in your organization and discourage employees from looking elsewhere to fulfill their basic needs. Suggested read : Financial Wellness- An Issue in Overall Employee Wellness. A recent survey found employee recognition was most important to 37% of employees.

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18 Years of Service Award Ideas for Celebrating Employee Milestones

Empuls

For example, Microsoft could enhance their years of service awards by offering additional paid time off to employees who have been with the company for a certain number of years. For instance, employees reaching 10 years of service could receive an extra week of paid vacation to use within the year.

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57 Stellar Ways to Reward Employees for Good Performance & Acknowledging Employee Dedication

Empuls

In contrast, organizations that prioritize recognition and rewards experience a 31% lower voluntary turnover rate. Whether it's leading a high-impact project, mentoring junior team members, or representing the company in a key initiative, these roles can be immensely rewarding and motivating for high-performing employees.

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14 Companies with Great Employee Rewards and Recognition Programs

Empuls

The company also rewards its engaged employees with paid volunteer time (All U.S. employees who report at least 10 hours of volunteer work per quarter receive a $50 Good Card ), employee discounts, and paid vacations.   Two great examples of rewards and recognition programs from FMCG companies 1.

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9 Ways To Boost The Employee Of The Month Award

Vantage Circle

The employee of the month award is one of the most common methods of employee recognition. It has become an integral part of almost every company's recognition strategy. When done right, it can motivate employees to engage more and push employee performance to the next level. Each employee is unique.

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