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Starbucks’ Parental Leave Policy Doubles the Paid Leave for New Parents

HR Digest

Last week, Starbucks also informed the workers that they should expect smaller pay raises this year in light of the financial results it witnessed through 2024. Earlier, senior workers could expect a 3% raise with those with more than 5 years of experience in line for a 5% raise.

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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. In fact, a survey on job satisfaction and engagement from SHRM found that: A vast majority (92%) of employees reported that paid leave is important to their overall job satisfaction. Not just salary. Profit-sharing Plans.

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What are Total Rewards: Here’s A Holistic View

Empuls

Variable pay. Supplementary pay. Paid leaves. Variable pay - Also called ‘pay at risk,’ this part of the salary package has to be ‘earned’ by meeting or exceeding certain defined criteria. Only hard work pays off! Overtime wage. Health Insurance. Retirement benefits.

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The Role of Employee Benefits in Talent Retention: A Comprehensive Guide for HR Professionals

Hppy

Take tech giants like Google for instance; they famously provide their staff with free meals, gym access, unlimited paid leave time amongst other perks resulting in lower turnover rates compared to average technology firms.