Tag Archives: #RetentionIncentives

Employee Retention Bonus

Employee Retention Bonus An employee retention bonus is a financial incentive offered to current employees to encourage them to stay with the company for a specified period of time. These bonuses can take various forms, such as cash bonuses, stock options, or additional benefits. The goal is to reward employees for their loyalty and commitment… Read More »

Turnover versus attrition?

Turnover versus attrition

Turnover versus attrition Turnover and attrition are two distinct terms used in the field of human resources and organizational management, although they are related to each other. Here’s a comparison between turnover and attrition: Definition: 1.Turnover: Turnover refers to the voluntary or involuntary departure of employees from an organization, resulting in a vacancy that needs… Read More »