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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. Some paid parental leave. Vision coverage.

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17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

These benefits can vary widely depending on the industry, location, and size of your organization, but here are some ideas to consider: Employee discounts and perks : Offering discounts on products or services, free tickets to events, or other perks can help employees save money and feel valued.

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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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What is the Difference Between Benefits, Perks, Gifts, Awards, Incentives, and Rewards?

Empuls

Apple offers its employees extended paid vacations while their medical coverage plans include fertility treatments. Employee perks are non-wage offerings that extend beyond salaries and benefits and are an important component of company culture. What are perks? What are gifts?