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3 powerful ways to improve your employee retention rate

Achievers

A competitive salary is the bare minimum that you need to provide to keep employees satisfied. Beyond compensation, your employee retention strategies should factor in the total rewards package you offer, the quality of your leadership, and the power of your social recognition strategies.

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Why you need to celebrate employee milestones

Achievers

Here are three primary effects you’ll experience from building employee recognition into your daily workplace culture: Better morale: Acknowledging the hard work and dedication that employees invest in your company is a good way to give them “a sense of ownership and belonging,” according to HR Council. All-expenses-paid vacation.

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Golden handcuffs: Should employers use them on top talent?

Business Management Daily

This fictional scenario is quite common for employees with golden handcuffs, which is why the practice sometimes raises some moral questions. Golden handcuff techniques can improve employee retention. They can also encourage top employees to exceed expectations. However, adverse side effects exist.

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Why More Vacation Time Will Make Your Employees (and Your Company) Healthier

Achievers

You’re very accustomed to seeing statistics focused on the fact that American employers in general provide much less paid time off than employers do in other countries, but there is a more puzzling set of figures that bear looking at as well. Even when American workers are given paid vacation time, they barely even use half of it.

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Why you need to celebrate employee milestones

Achievers

Here are three primary effects you’ll experience from building employee recognition into your daily workplace culture: Better morale: Acknowledging the hard work and dedication that employees invest in your company is a good way to give them “a sense of ownership and belonging,” according to HR Council. All-expenses-paid vacation.

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Employee Service Award Programs: A Guide (2024)

Empuls

Known as milestone awards, long service awards, or employee service awards, they play a crucial role in making employees feel appreciated and valued.    Benefits are as follows,  Improves employee retention: Employees tend to stay 2-4 years longer in companies with dedicated service award programs. 

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10 Basic Employee Needs And How To Meet Them

Vantage Circle

Applying Maslow's Theory of Needs in an organization helps create a roadmap for employee satisfaction. The following are a few of the benefits that result in meeting the needs of your employees: A happy and motivated workforce. Better employee retention and lower absence. Increased productivity.