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Why Bonuses Don’t Work to Improve Employee Retention

Contract Recruiter

There are many different ways a company can encourage employee retention; one of the most popular is the retention bonus. Retention bonuses have tons of issues; foremost among those issues is a simple fact: there’s no evidence that they work. What is a Retention Bonus, Specifically? What’s wrong with that?

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I Love My Job…But I Have to Quit: How to Retain Your Gen Z Workforce

Recruiting Daily

By way of comparison, Millennials saw a rise of only 88% during the same period. The employer-sponsored benefit of earned wage access empowers employees with additional choices and control over their earned pay at the end of every shift. It is no surprise that Gen Z (Ages 18-26) is facing ever-growing mounting debt.

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What is a Good Compensation Package? How to Decode Salary, Benefits, & Perks

Zengig

Throughout this article, we will break down its components, including salary, benefits, and perks. Think of it as a puzzle, with salary, benefits, and perks all coming together to create the complete financial and non-financial package. Benefits include anything from health insurance to retirement plans.

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How to Build a Diverse Recruiting Strategy

Social Talent

Here are just a few of the benefits of hiring a diverse workforce: Attracting talented Millennial and Gen Z employees : Younger employees value diversity and inclusion , making it essential for companies to prioritize DEI to attract top talent.

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How Upskilling, Reskilling & Continuous Learning Can Help Retain Talent

SmartRecruiters

Employers that recognize and embrace this truth by investing in the ongoing development of their employees stand to benefit in numerous ways. In fact, among engineers, Codility found that work culture, professional growth, and using the newest technologies all outranked salary and benefits for contributing factors of a dream employer.

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Uncubed Approved: Ikea’s Careers Page

Uncubed

Employer branding for both current and prospective employees On the home page, above the banner image, IKEA calls out the expansion of its healthcare benefits to include abortion, fertility, and gender affirmation. Remember that employer branding is for retention just as much as it is for recruitment.

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EVP: Your Employee Value Proposition Matters

ApplicantStack

In a competitive job market, standing out as an employer can make a big difference in recruiting efforts and employee retention rates. Explore the importance of an EVP and the benefits of developing one within your company. Lower recruiting and retention costs Finding and bringing on employees can be an expensive endeavor.