HRsoft

APRIL 8, 2025

At the recent Consero Total Rewards conference, the HRSoft team explored how organizations can leverage pay-for-performance models to drive engagement, retention, and business growth. Balancing Short-Term and Long-Term Incentives A strong pay-for-performance model balances immediate rewards with future incentives.

Bonuses and Incentives

Vantage Circle

FEBRUARY 15, 2025

Bonuses and Incentives How it helps : Tying bonuses and incentives directly to achievements motivates employees to perform better and go beyond. This further helps retain top talent and reduce turnover. This further helps retain top talent and reduce turnover. Monetary Rewards for Outstanding Performance 1.

Bonuses and Incentives

Vantage Circle

OCTOBER 18, 2024

A McKinsey study discovered that the turnover rate in the retail industry is 70% higher than in other industries. Therefore, building a motivated and engaged team and improving retention must be a priority for retail businesses, especially as they tackle low engagement levels and high turnover. What drives them to leave?

Assessment Software

Vantage Circle

MARCH 23, 2025

When a recognition and reward (R&R) program is structured well, it becomes a strategic tool that drives engagement, retention, and overall business success. Improved Retention One of my colleagues was working with an organization a few years ago. Recognition helps increase engagement, which, in turn, reduces turnover by 21%.

Employee Recognition

Vantage Circle

JANUARY 30, 2025

Employee rewards aren’t just about incentives; they’re a way to build trust, loyalty, and enthusiasm. According to a report by Deloitte , companies with effective recognition programs are 31% less likely to face voluntary turnover. Incentivizing Innovative Campaigns Campaign success often hinges on innovative thinking.

Bonuses and Incentives

Empuls

JANUARY 9, 2025

In this blog, we'll talk about the benefits of bonus programs, the types of incentives you can offer, and key aspects to keep in mind while designing an employee bonus program. Let's dive in and see how the right incentives can improve your sales performance! What is an employee bonus program?

Hiring Software

Terryberry

JULY 18, 2025

Key Takeaways Recognizing employees boosts productivity, loyalty, and retention, leading to a thriving workplace culture. Organizations that actively recognize and reward employees enjoy significantly lower turnover rates—up to 31% lower, according to a SHRM study. Looking for effective ways on how to reward employees?

Bonuses and Incentives

HR Stacks Blog

JULY 3, 2025

Recognition also drives engagement; companies with strong programs report 31 percent lower turnover, while 83 percent of employees say recognition directly affects their motivation. Key Takeaways Recognition boosts retention and performance : Employees who feel valued are 63% more likely to stay and 73% say recognition increases productivity.

Planning Tools

Contact Monkey - HR

AUGUST 13, 2024

Book a free demo to learn how to boost employee engagement and retention using feedback. In fact, Deloitte shows that employee retention and engagement is 25% higher for staff who have participated in workplace mentorship. These honest insights can reveal underlying issues, as well as help you understand what’s driving turnover.

Employee Engagement

Extensis

OCTOBER 24, 2024

Recruiting is much less hectic when you know what to expect in the upcoming months versus when an immediate hiring need arises. Reduced turnover : Happier employees generally lead to a lower resignation rate. —it Internally, so that employees may refer people they know (offering incentives can help motivate your current workers!).

Hiring Software

Achievers

MAY 14, 2025

The types of rewards can vary depending on company culture and employee preferences, and can include recognition, employee wellness initiatives , incentives, or lifestyle perks. Incentives: Tangible rewards given for meeting specific goals or performance targets. When the thank you speaks their language, it lands better. The result?

Bonuses and Incentives

Vantage Circle

MARCH 24, 2025

To explain simply, Experiential rewards are non-monetary incentives that provide employees with memorable experiences instead of cash or material gifts. A study by Deloitte shows companies with strong recognition programs see 31% lower turnover rates. While cash bonuses seem practical, they often lack emotional impact.

Bonuses and Incentives

AIHR

APRIL 24, 2025

Identify high-value talent (anyone whose skills, knowledge, or leadership are crucial to the business) to begin proactive planning for retention strategies. Continue retention initiatives to prevent high-performers from leaving prematurely through stay bonuses, development opportunities, or inclusion in early decision-making.

HR Software

Bonfyre

OCTOBER 14, 2024

This leads to higher job satisfaction, improved retention rates, and better overall performance. Additionally, organizations with effective engagement strategies see a 41% reduction in absenteeism and a 24% decrease in turnover rates. It also means employees get immediate, full value for their award.

AI Recruiting

Insperity

OCTOBER 1, 2024

Decreasing employee turnover and, instead, retaining employees for longer periods of time. Explore other financial incentives for employees, such as performance or retention bonuses. Preventing absenteeism and boosting productivity. Maintaining employee focus and engagement.

Wellness

Peoplebox

FEBRUARY 28, 2025

Spot Bonuses No waiting. Profit-sharing or Performance-Based Bonuses Tie recognition to real business outcomes. Employee Referral Bonuses That Actually Matter Make it worthwhile when they bring in top talent. Heres how you can use financial incentives to recognize and retain top talent. No complicated approvals.

Employee Recognition

Empuls

AUGUST 27, 2024

Once seen as mere bonuses, perks are now essential drivers of employee satisfaction and engagement. From comprehensive healthcare plans and generous parental leave to flexible working arrangements and continuous learning opportunities, Microsoft ensures that its perks program addresses both the immediate and long-term needs of its employees.

Bonuses and Incentives

Achievers

MARCH 20, 2025

Practical rewards, such as career development opportunities and financial incentives, are important to them. Failing to accommodate these varying expectations can lead to disengagement and higher turnover. Gen Z expects immediate feedback, often favoring quick check-ins or informal communication.

HR Software

AIHR

JANUARY 27, 2025

Incentive compensation can motivate employees to meet and exceed business targets by strategically linking their performance to rewards. Attractive financial incentives can attract and retain top performers and drive sales, production, and transformation improvements. Contents What is incentive compensation?

Compensation

Vantage Circle

MARCH 30, 2025

Why Understanding Employee Reward Systems is Crucial for Business Success Reward systems aren't just about handing out bonuses or giving a pat on the back. Some value financial incentives, while others prefer recognition or opportunities for growth. Types of Employee Reward Systems Employees find motivation in different things.

Planning Tools

AIHR

JULY 30, 2025

Using Microsoft’s Power BI in HR can help organizations cut manual reporting, pinpoint turnover risks, and reduce costs. Enhancing recruitment and retention strategies Power BI for HR analytics is can also help optimize talent acquisition and retention. You can then adjust spending to cut hiring costs and boost retention.

HR Function

Empuls

JUNE 23, 2025

R&R programs have been known to improve employee engagement , boost morale and satisfaction at work, deepen loyalty to employer, increase worker retention and lead to enhanced application, innovation and productivity.   Mn in turnover costs annually ( Gallup ). Here are other ways a disgruntled employee can hurt business.  

Planning Tools

Blu Ivy Group

JULY 25, 2025

But under the surface, a different trend is emerging: Turnover is rising and sentiment is dropping. Turnover is accelerating. Many commented there are confusing incentive plans, frequently shifting bonus criteria, and opaque performance rewards which is leaving people feeling undervalued and distrustful, even as wages rise.

Employer Branding

Empuls

DECEMBER 24, 2024

Work incentives are critical for enhancing employee motivation, satisfaction, and productivity. Research indicates that companies with effective incentive programs can see a 25% increase in productivity and a 20% reduction in turnover rates. Various organizations have adopted innovative strategies to encourage their workforce. 

Bonuses and Incentives

EmployeeConnect

FEBRUARY 27, 2017

HR departments, which are challenged to recruit and retain the best people, are the prime movers for implementing a recognition culture that motivates and rewards employees them with essential psychological rewards that extend far beyond material incentives. That said, some people will always feel that talk is cheap.

Employee Recognition

ClearCompany HRM

JULY 3, 2025

Companies that do are reaping the rewards in the form of increased employee engagement and retention. 📊 Data-driven decisions, better feedback, and reduced turnover? Your company’s specific objectives, like ensuring fairness or increasing long-term retention, help you determine which performance management processes to implement.

Performance Management

Xoxoday

JUNE 20, 2025

This setup fosters immediate communication but can limit the talent pool to a specific geographic area.  Improved work-life balance and retention A FlexJobs survey found that 73% of employees cited better work-life balance as a primary benefit of remote work.   Ready to empower your remote sales team?

Hiring Software

Achievers

JUNE 29, 2017

What’s the biggest problem when it comes to employee turnover? No one owns retention! At many companies, when turnover rises executives point to HR to fix it – whose plate is already overflowing with terminations, payroll, benefits management, and back-fill recruiting. What Is a Retention Specialist Exactly?

Retention and Turnover

HRExecutive

APRIL 8, 2024

While the movement has been losing some steam over the past year, the cost of employee turnover is still extremely high, as the cost of replacing an employee ranges anywhere from one-half to two times their yearly salary. Mitigating the costs of employee turnover for frontline workers isn’t just an HR issue.

Retention and Turnover

Insperity

MAY 14, 2024

Ever since the COVID-19 pandemic and the subsequent onset of The Great Resignation , improving employee retention ranks as one of employers’ main concerns and priorities. As it turns out, there’s a critical link between employee development and retention. The answers get to the heart of why development impacts retention.

Retention and Turnover

Hppy

MAY 11, 2024

Achieving a high-performing environment typically involves aligning employee values with corporate goals and using incentive programs to drive desired behaviors and outcomes. Organizations utilizing an employee and sales incentive platform offer structured, appealing, and equitable rewards that galvanize their teams toward excellence.

Bonuses and Incentives

Engagedly

MARCH 12, 2025

It is the responsibility of major leaders and HR professionals to keep the workforce motivated and engaged; failing to do so would result in low productivity, high turnover rates, and dissatisfaction among your employees. Here are the major employee incentive programs that you can implement for your workforce: 1.

Bonuses and Incentives

WorkHuman

SEPTEMBER 26, 2017

I always felt that if the 10 of us were able to rate each other, those two slackers would have either been voted off the island immediately or more likely, would have stepped up their game because they knew that even if they could fool their manager, they couldn’t fool their peers. 3 Practices Replacing the Annual Review.

Bonuses and Incentives

6Q

AUGUST 17, 2023

To create an effective and long-lasting team of dedicated workers, you must first understand what causes low employee retention rates. When you keep the employee retention rate high, you save on hiring costs and precious training time. The first step is identifying what causes low retention rates.

Hiring Software

Visier

JUNE 22, 2015

Facing this complex decision, the manager immediately calls the HR business partner for support. If you work in HR or have managed a team, it’s likely that you understand the dilemma presented by this type of scenario: Competition for talent is fierce , and when an employee leaves due to voluntary turnover, it typically costs 1.5

Compensation

Kazoo

JUNE 1, 2018

So whether you are trying to help employees meet a sales goal, reduce turnover, increase participation in a wellness program, or just make employees feel more appreciated — Kazoo’s software has demonstrated that it can provide value. Employee Recognition Software Cuts Turnover Cost. Yet this is very short-sighted.

Hiring Software

Rallyware for Human Resources

JUNE 4, 2019

In order to keep workforces engaged and drive their continuous growth, companies need to thoroughly approach the development of impactful incentive programs. However, the rules for incentive programs to be effective have changed, and unfortunately, more than half of workforces are not satisfied with their company’s current programs.

Bonuses and Incentives