What Is a Retention Bonus? (How to Use It Correctly in 2024)
Terryberry
DECEMBER 8, 2023
However, it's not about just throwing more money at your workforce and expecting them to stay—you'll need to be strategic with your retention bonuses to implement them effectively. It differs from other forms of bonuses, such as a sign-on bonus or performance-based bonus. That's where a retention bonus can come in handy.
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