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What Is a Retention Bonus? (How to Use It Correctly in 2024)

Terryberry

Replacing an employee can cost one-half to two times the employee's annual salary (and that's on the conservative side). A retention bonus encourages employees to stick around longer, giving your company a competitive edge as it navigates economic challenges, growth, competition, mergers, acquisitions, and pivotal projects.

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Guide to Hiring Employees in Lebanon

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Legal Framework for Employment in Lebanon Employment laws in Lebanon are primarily governed by the Lebanese Labor Law, which outlines the rights and responsibilities of both employers and employees. This includes considerations such as base salary, overtime pay, bonuses, and any other allowances or benefits.

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Top 100 HR and Recruitment Blogs [by Organic Traffic with Top 3 Articles Each]

Ongig

Employee leave of absence: Everything you need to know. Employee recognition ideas: 52 epic ways to give rewards. Employee handbook: 6 must-have policies for your manual. 11 Things Leaders Need to Talk About When They Meet With Their Staff. For More Productive Meetings, Do a Mindset Check-In First.

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Guide to Hiring Employees in Cambodia

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Initial Screening and Shortlisting: Once the applications are received, the hiring team conducts an initial screening to assess whether candidates meet the basic requirements for the position. Companies must ensure that new hires are well-versed in local employment laws, taxation regulations, and other legal requirements.