Given ongoing turnover troubles, many employers have turned to a longtime retention strategy: giving employees more money.
It’s not a new approach. For instance, pre-pandemic, Salesforce trotted out annual bonuses that averaged $39,959, while Meta’s annual bonuses averaged $33,225 pre-pandemic. However, their average retention sits at only 23 and 25 months, respectively, according to a Paysa blog post. READ MORE