GiftCard Partners Blog

Compensation has always been a tough subject, but transparency and innovation can turn it into a bonding agent between employees and employers. Addressing compensation openly can lead to improved trust, satisfaction, and retention. Here are three ways to effectively discuss compensation:

Companies are constantly striving to retain their best employees, but problems can arise if they’re not shown a modicum of respect by management. If hard-working employees are shown appreciation by their managers and team leaders, they’ll feel less compelled to find a new job. This will also help to keep employee turnover rates down.

Here are three ways you can maintain retention rates by ensuring your managers are respectful and supportive of their teams: 

Many corporate health and wellness programs focus primarily on supporting employees' attempts to achieve their health goals and adopt healthier lifestyles. These initiatives are often centered around improving the quality of life during work hours and within the workplace itself. However, companies are increasingly recognizing the importance of a healthy and hazard-free home environment in contributing to overall employee wellness.

Benefits are a big component to an employee compensation plan. While they are costly for employers, benefits are a huge part of how employees choose a job and how long they stay.

Employee recognition programs typically make up just 1 to 2 percent of the total payroll budget on average. The return on employee recognition can be much higher and you don’t need a large budget for your program to make it best-in-class. Employee recognition can improve engagement, retention, and create a stable staff environment, according to Katie Scott of Globoforce. Discover 3 ways to see a return with your employee recognition programs.