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Cafe Classic: Is Pay a Critical Part of Culture or Not?

Compensation Cafe

That wasn’t the case with one of the findings from a report from The Workforce Institute at Kronos and WorkplaceTrends.com. Employees that took that survey were asked to rate the three most important attributes of workplace culture. The number one answer from 50% of those employees: pay.

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4 Ways to Start Recognizing Employees

Bonfyre

It’s why companies spend hundreds of billions of dollars annually (an estimated 1%-2% of payroll) on material incentives–gift cards, trips, merchandise–that fuel most employee recognition programs today. But how much does your company spend on surprise baby showers for employees? Pursue digital reinvention.

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Is Pay a Critical Part of Culture or Not?

Compensation Cafe

That wasn’t the case with one of the findings from a recent report from The Workforce Institute at Kronos and WorkplaceTrends.com. Employees that took that survey were asked to rate the three most important attributes of workplace culture. The number one answer from 50% of those employees: pay.

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Improving Employee Engagement During Onboarding

ClearCompany HRM

And yet, recruitment was only the second biggest challenge facing HR leaders surveyed for The 2018 SHRM/Globoforce Employee Recognition Report. The top workforce management challenge turned out to be, for the third year in a row, employee retention and turnover.

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10 Eye-opening Employee Retention Statistics You Should Take Note Of

Vantage Circle

(Related- 25 Employee Engagement Activities To Reinvent Your Workforce ). 5) Employees whose managers consistently acknowledge them for good work are 5x more likely to stay at the company. Employee recognition is fundamental to an organisation’s retention efforts. Source- Kronos Incorporated and Future Workplace).