What Is a Retention Bonus? (How to Use It Correctly in 2024)
Terryberry
DECEMBER 8, 2023
Replacing an employee can cost one-half to two times the employee's annual salary (and that's on the conservative side). A retention bonus encourages employees to stick around longer, giving your company a competitive edge as it navigates economic challenges, growth, competition, mergers, acquisitions, and pivotal projects.
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