Achievers

AUGUST 4, 2022

Salaries matter, but if given the choice between working at an organization that offers higher pay and one with a reputation for providing a variety of exceptional incentives and other forms of recognition, many employees would choose the latter. Total rewards doesn’t just pertain to financial compensation ?

Financial Compensation 243

Financial Compensation Employee Recognition Employee Incentives Employee Retention 243

Vantage Circle

MAY 15, 2024

According to a Bersin & Associates study , organizations with effective recognition programs promoting employee engagement had 31% reduced voluntary turnover. Getting employee recognition right is tough - there's no two ways about it. The cost of employee turnover can be significant, often estimated to be 1.5

Employee Recognition 105

Employee Recognition Bonuses Utilities Media 105

Vantage Circle

MAY 15, 2024

According to a Bersin & Associates study , organizations with effective recognition programs promoting employee engagement had 31% reduced voluntary turnover. Getting employee recognition right is tough - there's no two ways about it. The cost of employee turnover can be significant, often estimated to be 1.5

Employee Recognition 52

Employee Recognition Bonuses Utilities Media 52

HR Digest

AUGUST 5, 2023

While many companies may mistakenly believe that a high salary is enough to ensure a positive employee experience, the reality is much more complex. Employee experience is about more than just financial compensation; it is about creating a work culture that fosters growth, inclusivity, and a sense of purpose.

Financial Compensation 98

Financial Compensation Health Employee Recognition Salary 98

Vantage Circle

AUGUST 16, 2021

Many companies are also willing to pay retention bonuses to keep employees on board. A retention bonus is financial compensation paid to employees who have remained with their organization for a specific length of time. They offer it as an incentive to ensure that employees don't leave their company. Flexibility.

Employee Incentives 52

Employee Incentives Bonuses 401(k) Retirement Plan 52

Vantage Circle

JANUARY 30, 2024

This statistic highlights the generational shift in priorities, where meaningful work and a sense of fulfillment outweigh financial compensation. 68% of HR professionals agreed that employee recognition positively impacts retention, while 56% said it also helps with recruitment.

Employee Recognition 52

Employee Recognition Employee Retention Financial Compensation Recruitment 52

Vantage Circle

JUNE 28, 2019

Rewards can be in the form of bonuses, salary hikes or monetary incentives. However, rewards can also be in the form of non-financial compensation such as company awards, promotional opportunities and more interesting projects. Related Article: 32 Rewards and Recognition Ideas to Boost Employee Recognition.

Non-financial Compensation 45

Non-financial Compensation Financial Compensation Construction Bonuses 45