article thumbnail

Enhancing Employee Retention through Perks and Benefits

HR Digest

Perks and benefits refer to the non-salary compensation that employees receive in addition to their regular pay. Professional development opportunities are another essential benefit that companies can offer to retain employees. This can include training programs, mentorship opportunities, and leadership development initiatives.

article thumbnail

Implementing the Seven Principles for Intentional Work Culture Change

Mike Cardus

Align incentives and rewards with desired work-cultural changes. Resistance or reluctance to participate in training and development. References Hamedani, M. This principle ensures that micro (individual) changes are supported by and in sync with macro (organizational and societal) levels. Markus, H. Hetey, R.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Art of Perfect Timing

Leading Blog

For example, we question whether or not the incentives we have chosen are the right ones, but we don’t consider what those incentives became important at that particular time. Sequence refers to the order of events, like the notes in a melody. Rate refers to how quickly events are happening. Management'

article thumbnail

Is Innovation manageable?

N2Growth Blog

Fintech, as this sector is colloquially referred, focuses for the most part on disrupting the state of affairs induced by the use of technology. Our ancestors adopted the philosophy of Enlightenment, and since then progress, development and change has become integral to our lives. As such it is all about innovation.

article thumbnail

Employer Value Proposition: Crafting a Compelling Narrative to Attract Top Candidates

Strategy Driven

When an organization understands what drives and motivates their employee, it can help develop an EVP that resonates with potential candidates. Enhance your EVP by offering unique benefits, such as flexible work arrangements, unlimited paid time off, professional development opportunities, wellness programs, or performance-based incentives.

article thumbnail

Extrinsic Vs Intrinsic Motivation at Work

LDRLB

The easiest way to think about the word “extrinsic” is that it refers to the work itself. Intrinsic motivation , on the other hand, refers to those activities you do because you enjoy the activity itself. But not every extrinsic motivation scheme, not every incentive compensation plan that we draw up properly motivates people.

article thumbnail

Connectivity Can Be A Matter Of Life And Death At Work

The Horizons Tracker

It underscores the crucial role of personal connections and trust in enhancing performance, which often surpasses the impact of incentives and rewards. This research shows that specialists achieve better patient ratings when they know the generalists who refer patients to them.