article thumbnail

What Are Some Retention Bonus Ideas?

Best Of HR

Ultimately, providing flexible work options as a retention incentive benefits individuals and businesses. We measure the success of this program through metrics, such as retention rates, employee satisfaction, and community engagement. What Are Some Retention Bonus Ideas?

article thumbnail

Employee Retention: 12 Strategies to Retain Your Top Talent

FingerCheck

HR retention metrics to watch: Employee engagement. Remember to look at your benefits package and other non-salary compensation and incentives, too. Consider things like health insurance, bonuses, PTO, retirement, etc. It can stagnate your workforce. An engaged employee is less likely to seek other employment. Provide perks.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Non-monetary Incentives to Increase Employee Engagement and Performance

Zenefits

Many organizations use non-monetary incentives and awards as part of their total compensation strategy, but there’s room for improvement. Let’s explore what we mean by non-monetary incentives and review examples, their benefits, and how to use them effectively. What are non-monetary incentives?

article thumbnail

The State of HR: 5 Important Lessons from the SHRM Conference

Netchex HR Blog

The Society for Human Resource Management’s (SHRM) annual conference is a big deal. Since the SHRM Conference was hosted in New Orleans—aka Netchex’s own backyard—of course, we had to do it big. The underlying message of the SHRM Conference. The tagline for the SHRM conference was “Cause the Effect.”

article thumbnail

Is the Great Resignation really over? Getting to the root of retention problems

HRExecutive

Establish employee retention metrics Employee retention metrics will offer insights into the state of a company’s work environment. Broadening access to short-term incentives, such as bonuses and additional paid leave, correlates with heightened employee satisfaction and loyalty. Is it a desirable place to work?

article thumbnail

Conference Inspiration Sources – Many and Varied for 2018

Compensation Cafe

Editor's Note: Today's post comes to us courtesy of guest contributor Chris Dobyns, who has generously agreed to serve as "roving reporter" for Cafe readers and share his impressions and takeaways from the WorldatWork 2018 Total Rewards Conference and Exhibition, held recently in Grapevine, Texas. Look for Part 2 on Friday!

article thumbnail

Cafe Classic: Compensation Practitioners Should Be Skeptical of Economic Forecasts

Compensation Cafe

If these industries are included in the "basket" of goods, the resulting metric may be more volatile. Where to learn more: Consumer Confidence Index , The Conference Board. What to consider: Different measures of the CPI and PPI include different "baskets" of goods from different industries. Stephanie Thomas, Ph.D.,