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 72

HR Planning Bonuses and Incentives Retention and Turnover Examples 72

Accendo Technologies

SEPTEMBER 25, 2024

Written by Sheu Quen • 4 minute read • September 25, 2024 Are your employees satisfied with their compensation, or are they looking elsewhere for better offers? Larger companies offer a mix of performance-based bonuses, stock options, flexible benefits, and comprehensive retirement plans.

Compensation 52

Compensation Bonuses and Incentives Wage and Hour Training Payscale 52

Terryberry

DECEMBER 8, 2023

What is a retention bonus, and is it something you need to worry about in 2024? That's where a retention bonus can come in handy. That's where a retention bonus can come in handy. What Is a Retention Bonus? It differs from other forms of bonuses, such as a sign-on bonus or performance-based bonus.

Bonuses and Incentives 52

Bonuses and Incentives Retention and Turnover Hiring Software Planning Tools 52

Achievers

JULY 17, 2024

Keeping top talent happy and engaged is more challenging than some may think, but there’s a solution: employee retention software. These advanced tools analyze everything from employee behavior and satisfaction to performance metrics, offering invaluable insights for crafting effective retention strategies. But why is it so important?

HR Software 226

HR Software Onboarding Software Hiring Software Assessment Software 226

Vantage Circle

DECEMBER 11, 2024

With the US software market projected to grow at a CAGR of approximately 7.17% during the forecast period of 2024–2030, retaining top talent and fostering innovation aren’t just priorities—they’re business essentials. Spot bonuses and incentives do exactly that.

HR Software 98

HR Software Hiring Software Recruiting Software Onboarding Software 98

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 52

Bonuses and Incentives Hiring Software Planning Tools AI Recruiting 52

Careerminds

DECEMBER 16, 2024

Mergers and acquisitions (M&A) often result in significant employee turnover. One effective tool for this purpose is the employee retention letter, often accompanied by a retention bonus agreement. One effective tool for this purpose is the employee retention letter, often accompanied by a retention bonus agreement.

Bonuses and Incentives 52

Bonuses and Incentives Retention and Turnover How To Outplacement 52

Bayzat

OCTOBER 15, 2024

A recent MOOC report found that the MOOC market is expected to grow at a compound annual growth rate (CAGR) of 14.65% between 2024 and 2032, reaching a market value of 15521.57 Many organizations have recognized the potential of MOOC-based learning as a cost-effective way to train and upskill their employees. million by 2032.

Compliance Training 52

Compliance Training Planning Tools Assessment Software HR Software 52

Rallyware for Human Resources

NOVEMBER 3, 2023

Rewards can take the form of bonuses, promotions, certificates, gifts, or other incentives that are meaningful and valuable to the employees. It is encouraged that companies provide some sort of material incentives in such programs. It can also boost retention, which is a must in the age of the “Great Resignation.”

Trends 52

Trends Bonuses and Incentives Retention and Turnover Video Recruiting 52

Empuls

DECEMBER 18, 2023

Employee retention is a critical factor in the success of insurance companies.    Recent studies reveal that employee retention rates in the insurance industry hover between 12% and 15% , with voluntary turnover rates showing an upward trend. The talent war for these professionals can drive turnover rates.

Retention and Turnover 40

Retention and Turnover Hiring Software Onboarding Software Bonuses and Incentives 40

Empuls

DECEMBER 17, 2024

In today's competitive business world, implementing impactful employee incentive ideas is essential for boosting motivation, engagement, and retention. Thoughtful incentive ideas can go beyond standard rewards to spark enthusiasm, increase loyalty, and foster a stronger sense of team unity. 

Bonuses and Incentives 40

Bonuses and Incentives Hiring Software Assessment Software Planning Tools 40

AIHR

APRIL 29, 2025

Whether its hiring talent that aligns with new business growth areas, building leadership capability, or driving initiatives that improve performance and retention, HR now shapes outcomes that matter to the bottom line. These activities feed into HR outcomes , such as higher employee engagement, reduced turnover, and increased skill levels.

HR Planning 52

HR Planning AI Recruiting HR Software Hiring Software 52

Heyyy HR!

JUNE 13, 2024

For instance, in 2024 a typical Human Resources (HR) Professional has an average salary of $67,061. Typically, this will involve setting clear, measurable targets and tying bonuses or salary increments directly to those targets. Market-Based Salary Models Market-based salary models rely on external job market data to set wages.

HR Planning 60

HR Planning Compensation Resources HR Software 60

Empuls

MAY 29, 2024

in 2005 and a turnover rate of 11.4%.      The above-mentioned case study testifies how well recognition plays a role in employee retention and helps scale employee productivity.   Is it to improve retention, celebrate achievements, or foster a more positive work environment? in 2004 to 90.3%

Employee Recognition 52

Employee Recognition Assessment Software Recruiting Software Planning Tools 52

Empuls

MAY 29, 2024

    With the benefits of competitive base pay, bonuses, and performance-based rewards, employees feel valued; due to this type of quality recognition-driven culture, 80% 2 of employees say that Accenture is a great workplace.       Example of a point-based recognition program    1.

Employee Recognition 52

Employee Recognition Hiring Software Planning Tools Employer Branding 52

Affinity HR Group

OCTOBER 3, 2024

The first half of 2024 saw significant job growth, with an average of 255,000 jobs added each month, surpassing the 213,000 jobs added per month in the second half of 2023. Wage Growth Wage growth, while slower in the first quarter of 2024, is expected to remain close to 4% for the full year. in June 2024. in April 2020.

Trends 40

Trends Bonuses and Incentives Compensation Retention and Turnover 40

HR Stacks Blog

MAY 7, 2024

Important company KPIs like engagement, retention, and productivity are greatly affected. The Importance of Employee Appreciation Your organization should reduce workforce turnover during the Great Resignation. A more engaged and enthusiastic staff is one benefit of this strategy for talent retention and engagement.

Employee Appreciation 52

Employee Appreciation Retention and Turnover Bonuses and Incentives Interview Software 52

Achievers

MAY 15, 2025

In fact, almost 40% of Singaporean employees had plans to jump ship in 2024. 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. Thats not just a ripple; its a wave. You fought hard to get where you are.

HR Software 119

HR Software Planning Tools Recruiting Software Bonuses and Incentives 119

Payactiv

AUGUST 6, 2021

Full recovery is not expected until 2024. Advertise new referral and year-end incentive bonuses for teams. Cross training workers and giving them more responsibility builds pride and helps increase retention rates. Employees are worried and feeling disconnected. 60% worry about lost income. Willard “Bill” Marriott.

Hiring Software 52

Hiring Software Industry Recruiting Software Planning Tools 52

Achievers

MARCH 27, 2025

While financial incentives provide short-term boosts, meaningful recognition and growth opportunities build deep emotional connections and long-term commitment. A strong emotional salary drives higher productivity, job satisfaction, and retention.

Employee Engagement 119

Employee Engagement Bonuses and Incentives Retention and Turnover HR Software 119

ClearCompany HRM

JANUARY 18, 2024

We’ll also share a few strategies for adjusting your talent acquisition approach to stay on top of the trends and meet your hiring goals in 2024. ? 3 Key Workforce Trends Affecting Manufacturing in 2024 What does it mean to take a responsible approach to AI? In manufacturing,turnover costs about 21% of an employee’s salary.

ClearCompany 90

ClearCompany AI Recruiting HR Software Hiring Software 90

Xoxoday

JANUARY 20, 2025

The 2000’s gave us formal, top-down recognition programs featuring material bounties like promotions, bonuses and certificates. In person  A study indicates that a sense of belonging at the workplace can lead to 50% reduction in turnover risk.   More retention, less churn.    Strategic partnerships. 

Onboarding Software 52

Onboarding Software Planning Tools Trends Bonuses and Incentives 52

Achievers

MAY 15, 2024

It’s no easy task filtering through the hundreds of employee rewards software platforms available in 2024. Employee rewards software: The future of employee recognition in 2024 Understanding the importance of employee rewards and recognition Employee engagement goes beyond bean bag chairs and ping-pong tables.

HR Software 243

HR Software Video Recruiting Software AI Recruiting 243

Workable

OCTOBER 30, 2024

Pay raises are on the decline and are expected to be lower in 2025 than 2024, according to reports from consulting firms Willis Towers Watson (WTW) and Empsight. WTW surveyed around 31,000 organizations and found that the overall median pay raise for 2024 fell to 4.1%, compared with 4.5%

Bonuses and Incentives 85

Bonuses and Incentives Retention and Turnover Payroll Survey 85

Terryberry

OCTOBER 24, 2024

Measuring your recognition program's effectiveness requires looking at KPIs including participation rates, employee engagement, and employee retention. Company culture Like employee engagement, company culture can be harder to measure than KPIs like sales goals and employee retention. What makes employee recognition programs effective?

Employee Recognition 52

Employee Recognition Assessment Software Hiring Software Interview Software 52

Contact Monkey - HR

DECEMBER 6, 2024

The 2024 Q12 Meta-Analysis by Gallup shows that organizations with highly engaged employees are 23% more profitable and experience 81% lower absenteeism. Use reminders or incentives to increase response rates. This allows you to implement strategies to improve retention. Ensure anonymity to encourage honest feedback.

Analysis 52

Analysis Survey Data Planning Tools 52

Ongig

OCTOBER 15, 2024

We compiled 15 inclusive employee benefits to apply in 2024 to help your company attract qualified candidates in response to any talent crunch. As such, providing remote team members with incentives and support similar to those received by on-premise teams is becoming increasingly important.

Employee Benefits 59

Employee Benefits Hiring Software Background screening Planning Tools 59

Achievers

MARCH 7, 2025

It strengthens engagement, boosts retention, and inspires higher performance. Insights from Achievers 2024 State of Recognition Report found that when employees have access to a global, customized marketplace, theyre 60% more likely to say they feel meaningfully recognized at work. What is the best type of reward for an employee?

HR Software 119

HR Software Planning Tools Bonuses and Incentives Retention and Turnover 119

AIHR

JUNE 26, 2024

It lowers the employee turnover rate Happy, engaged employees are unlikely to actively seek employment elsewhere. This translates into lower turnover rates , saving HR time and resources they’d otherwise need to spend on attracting, recruiting, and onboarding new hires.

Assessment Software 105

Assessment Software Hiring Software Bonuses and Incentives HR Software 105

Ongig

JULY 11, 2024

Gartner outlined 9 Future of Work trends for 2024, with shifting employee value propositions as a critical area. So, these go beyond salary and bonuses, which could comprise network connections with a specific community and career development opportunities. What Are EVPs (Employee Value Propositions)?

Hiring Software 52

Hiring Software AI Recruiting Recruiting Software HR Software 52

Empuls

OCTOBER 30, 2024

Did you know that companies with regular employee recognition programs have a 31% lower turnover rate ? Fosters retention: Employee recognition programs can help reduce turnover by making employees feel valued and appreciated, decreasing the desire to seek validation elsewhere.

Planning Tools 52

Planning Tools Employee Recognition Retention and Turnover Certification 52

Vantage Circle

MARCH 5, 2024

Whether you want to launch a formal program or implement easy, low-cost ideas, these recognition techniques meet diverse workplace needs and fuel retention. High turnover from people leaving can significantly hurt a company through loss of talent and the high costs of recruiting and training new hires.

Employee Recognition 98

Employee Recognition Hiring Software Recruiting Software Campus SaVE 98

Empuls

FEBRUARY 16, 2024

→ Moreover, recognition plays a pivotal role in employee retention. With turnover costs reaching as high as 33% of an employee's annual salary, investing in appreciation initiatives becomes not just a gesture of goodwill but a strategic imperative for business sustainability. Let's make appreciation a priority.

Employee Appreciation 52

Employee Appreciation Recruiting Software HR Software Adobe 52

Terryberry

JANUARY 16, 2024

Ford then rebutted, “Kentucky Truck Plant’s hourly employees earn an average income – including base wages, bonuses, and profit sharing – of $78,000 per year. Ford: Wage Increases: 25% overall over four and a half years, including an immediate 11% increase and 3% annual raises in 2024-26 with a final 5% bump in 2027.

Wage and Hour Training 52

Wage and Hour Training Hiring Software Planning Tools Compliance Training 52

Empuls

SEPTEMBER 6, 2024

Despite their crucial role in the healthcare system, many nurses feel underappreciated and overworked, leading to significant challenges such as burnout and high turnover rates.  Enhances retention A well-structured rewards and recognition program can reduce turnover rates, saving hospitals and healthcare facilities time and money.

Strategy 40

Strategy Retention and Turnover Hiring Software Bonuses and Incentives 40

Contact Monkey - HR

FEBRUARY 3, 2025

Read along as we share 10 powerful employee engagement initiatives to boost morale, retention, and performance in 2025. employees felt engaged at work in 2024, while nearly 18% reported being actively disengageda number that has been rising since 2020. Increased employee retention. Enhances employee satisfaction and retention.

Employee Engagement 40

Employee Engagement Hiring Software Onboarding Software Planning Tools 40

Terryberry

FEBRUARY 17, 2025

From decreased employee turnover and lower absenteeism in the workplace to increased morale and higher productivity , engaged employees truly are the key to a successful, resilient company. Yet employee engagement in 2024 declined to 31% - down from 32% in 2022, 34% in 2021, and 34% in 2021. What is Employee Engagement?

Employee Engagement 52

Employee Engagement Strategy Retention and Turnover Recruiting Software 52