How to issue a killer signing bonus
It's time to reinvent compensation.
The 'Great Departure' and 'The Great Reshuffle' have changed the game in employer/employee relationships. It's harder than ever before for many firms to find top talent - and keep them around.
Benefi solves this problem with a unique approach to signing and retention bonuses. We offer a better experience for both employers and employees, creating meaningful bonds and loyalty.
What we do:
Benefi offeres employers a powerful new tool to keep great talent; Bonus Vesting. More powerful than a traditional signing bonus, the employee recieves cash up front, with the bonus 'vesting' (being forgiven) over time.
Your employee gets a financial bonus, the company gets a great employee who will stick around. Everybody wins.
The evolution of compensation has arrived
“Trust will be at the core of a company’s success when it comes to attracting and retaining talent,”
Hari Srinivasan, LinkedIn's VP of Product Management for Talent Solutions.
The Impact Is Real
Employee churn has an impact on metrics that your company cares about; productivity, customer experience, and overall salary costs If left unchecked, the impact on your business and your employee base is quite significant.
...increase in salary required for employed job seekers to switch companies
...of total salary costs can be attributed to employee churn
....of annual salary costs to replace technical positions