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How Employee Recognition Systems Improve Productivity

Achievers

The answer is to go beyond compensation and benefits. What really matters in the workplace is helping employees feel appreciated.”. And the best way to ensure everyone receives the recognition they deserve is to take full advantage of a leading employee recognition system. Why employee recognition systems matter.

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You Can Successfully Clear Your Year-End To-Do List

PeopleStrategy

For those new to their positions or looking for a fresh take on end of the year tasks, this rundown looks at general activities, compliance-related activities, and employee compensation and benefits activities. What departments could see growth or could use training opportunities to elevate and reward current employees?

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How to Create an Employee Recognition Program

Terryberry

An employee recognition program is a great way to engage, reward, and build a lasting relationship with employees. Designing an employee recognition program ensures that your employees feel valued and acknowledged for their contributions. . what is an employee recognition program ? .

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Compensation Cafe: 2 Things to Get the Most Out of Employee Recognition Programs

RecognizeThis!

– Measurable, peer-to-peer recognition set apart average employee recognition efforts from Best-in-Class programs. Check out my post today on Compensation Cafe for a deeper dive into a September 2014 report from Aberdeen, “Next-Level Employee Recognition.”.

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Understanding Types of Employee Recognition and Rewards

Bonusly

Although small bonuses can be given by managers to their direct reports, they can also be given by other colleagues, and even from a direct report to a manager. Like spot bonuses, staff recognition in the form of bonuses can be given in the very moment that a valuable contribution is made by an employee. Written praise.

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Compensation Wins Talent, Recognition Retains It

Achievers

Compensation as a motivator. Companies spend thousands of hours crunching numbers, running reports, assessing cost of living, and determining what salaries are required to win the necessary talent they need for the future. Does compensation align your employees to your company’s mission and values?

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5 Strategies to Retain Hospital & Healthcare Employees

DailyPay

Employee retention in the healthcare industry is critical due to the specialized skills and high demand. According to the 2023 NSI National Healthcare Retention & RN Staffing Report, the average hospital turnover rate in 2022 was 22.7%, revealing a 3.2% What Is the Hospital Turnover Rate? decrease from the prior year.