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3 Non-Monetary Incentives for Employees

Hppy

You can reward them with cash bonuses and other monetary compensation types. Non-monetary incentives are innovative ways to reward your employees outside the standard benefits and financial compensation. Just like monetary incentives, these incentives show that you care about employee growth and well-being.

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The 5 Primary Costs of Employee Turnover and How to Manage Them

Zenefits

You may also have to pay a signing bonus or other incentives to attract top talent. Additionally, new employees usually take time to adjust to their new position and reach peak productivity. Reduced morale can tremendously impact productivity and, as a result, your bottom line. The cost of advertising. Interviewing.

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Gig Economy: A Cost-Cutting Measure or Adding Value to the Workforce?

HR Digest

The term was adopted widely to encompass all the people hiring out their services or products on a contract basis. At present, gigging is an option offered by almost all industries, especially tech-based and e-commerce or knowledge-based work which can be done from anywhere.

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How to Retain and Engage your Long-Standing Valued Employees

Empuls

When a long-term, highly valued employee quits, organizations commonly experience a loss of talent with detrimental effects on the morale and productivity of the person’s team and department. Additional benefits such as retention bonuses are extra incentives to keep them happy and performing well.

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Recruiting Tips That Will Make Your Life Easier

Spark Hire

A qualified hiring manager knows you have to weigh the professional’s knowledge base alongside their personality and ability to mesh well with the company’s existing culture. It’s easy for someone to learn the ins and outs of your product. Who knows what they could become with a little training about your product line?

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7 Management Mistakes That Can Hamper Employee Productivity

Vantage Circle

Productivity is all about getting more work done in fewer hours without losing quality. But strategic thinking about productivity may become a lost art in the eCommerce world that works in a hyper-paced loop of promotions and product launches. Mistake #1: Lacking regular one-on-ones about performance. Collaboration. Automation.

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My Employees Are All Millennials - Here’s How I Manage and Retain Them

Linkedin Talent Blog

Once a worker has achieved the ability to effortlessly complete a certain task, increase the knowledge base of your company by having that employee teach another employee, thus giving them the feeling of being an expert. In addition to cash bonuses, we’ll get a symbolic gift we know they’d like. For personalized gifts.