HR Digest

MARCH 12, 2025

Financial Incentives Beyond salaries, employers might offer retirement plans (e.g., 401(k) matching), stock options, or performance bonuses. Taxable Fringe Benefits: A company car used for personal errands, cash bonuses, or lavish retreats might trigger income tax obligations for employeesand payroll tax headaches for employers.

HR Planning

Hoops

JUNE 10, 2025

Hiring the wrong insurance agents can cost $20,000–$60,000+ in lost productivity, missed sales, and turnover , considering the average earnings of insurance sales professionals ( U.S. The Solution: Screen for Retention Focus : Ask candidates, “How do you ensure clients renew their policies year after year?” 300 referral bonus).

Hiring Software

Empuls

AUGUST 27, 2024

Staff rewards and incentives are not nice-to-haves but must-haves in today's fiercely competitive job market. Talent acquisition and retention have become difficult and organizations are under increasing pressure to find innovative ways to keep their workforce engaged and motivated. What are staff rewards and incentives?

Bonuses and Incentives

Blu Ivy Group

JULY 22, 2025

Turnover and Vacancy: The Hidden Cost to Clinics Workforce instability is now a direct threat to care continuity and revenue. 41% of physiotherapists from the early 2000s cohort will retire by 2026. These are performance enablers that reduce turnover, increase discretionary effort, and build patient rapport. Talent stays longer.

Hiring Software

Accendo Technologies

SEPTEMBER 25, 2024

We will discuss the current state of compensation in today’s workplace, the challenges companies face when designing packages, and steps to create packages that boost retention and loyalty. Larger companies offer a mix of performance-based bonuses, stock options, flexible benefits, and comprehensive retirement plans.

Compensation

Empuls

NOVEMBER 15, 2024

Companies with effective employee loyalty programs can reduce turnover by up to 25%. Loyalty programs for employees not only enhance retention but also boost morale and job satisfaction. Referral bonuses Referral bonuses are an effective way to engage employees in the recruitment process.

Hiring Software

Bayzat

OCTOBER 31, 2024

Attracting the best talent and holding onto the existing top performers means the company will need to have an attractive compensation package within its staff retention and hiring plan. Long-term incentive plans (LTIPs): Often used for senior executives, these may include stock options or restricted stock units, even in non-public companies.

Compensation

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

Empuls

AUGUST 30, 2024

According to studies, 60% of employees report that benefits and perks are a major factor in deciding whether to accept a job offer, and organizations with robust perks have 31% lower turnover rates.  The comprehensive benefits package helps keep Starbucks' retention above the industry average. 

Talent Experience

Empuls

AUGUST 30, 2024

According to studies, 60% of employees report that benefits and perks are a major factor in deciding whether to accept a job offer, and organizations with robust perks have 31% lower turnover rates.  The comprehensive benefits package helps keep Starbucks' retention above the industry average. 

Talent Experience

Bayzat

JULY 15, 2024

2 – Fostering Employee Engagement and Retention Creating an environment that nurtures employee engagement and retention is a cornerstone of a robust employer branding strategy. Offering competitive benefits, like health care and retirement plans, alongside continuous learning opportunities, can be highly effective.

Employer Branding

Insperity

OCTOBER 1, 2024

Decreasing employee turnover and, instead, retaining employees for longer periods of time. Emphasize wellness in benefits offerings Most standard benefits packages include things like health insurance, a 401(k) retirement plan and PTO. Explore other financial incentives for employees, such as performance or retention bonuses.

Wellness

Empxtrack

DECEMBER 16, 2024

The list of benefits can range from health insurance to retirement plans, demonstrating that organizations genuinely care about their workforce. The benefits include health insurance, retirement plans, paid time off, and wellness programs. Retirement Plans Many employers provide retirement savings plans, like 401(k)s or pensions.

Employee Benefits

Ongig

OCTOBER 15, 2024

Traditionally, employee benefits revolved around perks like vacation time off and retirement plans. So, a domestic partner benefits package could include paid sick leave, retirement benefits, and medical and health insurance coverage. #6 These days, many employees are seeking flexible schedules and holistic wellness benefits.

Employee Benefits

Ongig

JULY 11, 2024

So, these go beyond salary and bonuses, which could comprise network connections with a specific community and career development opportunities. Working around talent budget constraints by prioritizing resource location in critical areas of recruitment and retention. What Are EVPs (Employee Value Propositions)?

Hiring Software

Achievers

MAY 15, 2025

In short, a well-designed, locally relevant rewards program is a key weapon in the battle for talent retention. Hint: its time to think beyond bonuses and retirement plans. Monetary incentives As in much of the world, monetary incentives remain a top priority for employees in Singapore.

HR Software

Empuls

AUGUST 27, 2024

Once seen as mere bonuses, perks are now essential drivers of employee satisfaction and engagement. Deepened Loyalty : Perks that address long-term employee needs—such as retirement planning assistance, ongoing education opportunities, or housing stipends—foster a deep sense of loyalty. What are company perks?

Bonuses and Incentives

ClearCompany HRM

MARCH 13, 2025

Its one of the primary factors driving engagement, motivation, and retention, and thats why talent acquisition and HR teams need to care about it. Picture these trends as opportunities rather than obstacles your chance to spearhead a compensation philosophy that fosters engagement, retention, and growth. Cutting turnover rates?

ClearCompany

Heyyy HR!

AUGUST 21, 2024

Supporting career advancement through promotions or lateral moves can keep employees motivated and reduce turnover. Rewarding high performers with bonuses or other incentives can boost morale. An inclusive culture improves employee retention, as workers feel more connected to their organization.

HR Planning

Business Management Daily

DECEMBER 24, 2024

Burnout is detrimental to an employee’s mental health and is a productivity killer, often leading to high turnover rates. Micromanaging can actively harm your reputation and retention rates, so it’s important to identify and eliminate it. That’s what I’m going to explore in this article.

Productivity

Achievers

MARCH 20, 2025

While many are approaching retirement, their wealth of experience and leadership skills continue to be valuable assets in the workplace. Practical rewards, such as career development opportunities and financial incentives, are important to them. Tailoring rewards ensures every employee feels valued.

HR Software

Achievers

APRIL 29, 2025

And if high turnover is an issue at your organization, it sends the message that somethings not working. Offer performance-based incentives Performance-based rewards are a serious driver of motivation. Offer financial bonuses and commission incentives Money talks especially in financial services, where performance is everything.

Planning Tools

Hppy

SEPTEMBER 15, 2020

This is why job satisfaction and employee retention need to be high on the list of priorities for every business – regardless of size or industry. Along with making employee retention a priority, you must also create and follow retention strategies to help reduce turnover. Wellness Offerings. Image source: unsplash.com.

Hiring Software

Hoops

MARCH 21, 2025

In this blog, well dive into 10 effective employee retention strategies that will not only help keep your best people but also foster a thriving work environment that employees will want to stick around for. However, the way compensation is structured can make a big difference in retention.

Retention and Turnover

Hoops

MARCH 21, 2025

When it comes to talent retention , companies are constantly searching for the secret sauce. In this blog, well dive into 10 effective employee retention strategies that will not only help keep your best people but also foster a thriving work environment that employees will want to stick around for.

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

Bonusly

JUNE 15, 2021

This is where a well-designed employee incentive program comes in. How can you get your employee incentive program rolling? What is an employee incentive program? There are a few different ways to define an employee incentive program—which can get pretty confusing. However, they’re not an incentive for performance.

Bonuses and Incentives

6Q

JUNE 4, 2023

A high employee turnover can impact your company’s overall performance and productivity, as well as its bottom line. A high turnover rate is costly since you’ll have to replace employees who have quit the company. The good news is, you can implement strategies to reduce staff turnover. What is employee turnover?

Retention and Turnover

The Incentive Solutions News blog

JUNE 2, 2020

While no two successful companies are exactly alike, they all have one thing in common: an employee retention strategy. Happy employees make productive employees, and smart businesses know that high employee turnover can harm a company financially and affect company morale. Why is employee retention important? Let's get started!

Retention and Turnover

Empuls

JANUARY 14, 2022

The changing pace has left even the best organizations with no choice but to rethink their employee acquisition and retention strategies. Increasing employee retention helps you hold onto those great employees, reducing turnover and recruitment costs. What exactly is employee turnover?

Hiring Software

EngagementMultiplier

MARCH 31, 2022

Whether you call it “The Great Resignation,” or “The Great Reshuffle,” one thing is clear – employers can expect to see continued turnover in their staff. Remote and flexible working are not the only factors spurring continued employee turnover. Retention improves, along with morale, performance, and overall employee engagement.

Wage and Hour Training

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

Hppy

JANUARY 17, 2023

High turnover rates can lead to increased costs, a loss of institutional knowledge, and a decrease in overall productivity. The significance of employee retention in the current business environment. Compensation, including salaries and bonuses, is often one of the most important factors for employees when considering job offers.

Compensation

Insperity

SEPTEMBER 1, 2022

Increase company contributions to retirement planning. A 401(k) retirement plan is an important benefit that your company pays to provide for employees – and you want to make sure that they know how to take full advantage of it for their financial well-being and future security. Explore other financial incentives.

Bonuses and Incentives

Hppy

APRIL 17, 2023

Employee retention is a critical issue for many companies. High turnover rates can be costly, both in terms of financial resources and the negative impact on team morale and productivity. One effective strategy for improving employee retention rates is investing in employee development.

Retention and Turnover

6Q

JULY 27, 2023

This article delves into the reasons behind the escalating attrition rates and provides a comprehensive set of strategies that organisations can adopt to enhance employee retention, foster a positive work environment, align employee aspirations with organisational goals, and ultimately drive long-term business success. What can companies do?

Strategy

HR Digest

APRIL 20, 2023

Employee retention strategies are vital to the success of any organization. High employee turnover can be highly disruptive to any business. In this article, we’ll explore some innovative and effective employee retention techniques. We’ll also delve into the importance of each strategy.

Retention and Turnover