The frequency of salary reviews can significantly impact employee retention. Regular salary reviews can make employees feel valued and recognized for their work, which can increase job satisfaction and loyalty, leading to higher retention rates. However, according to Deloitte research, 91% of companies conduct salary reviews only once a year or less, which may not be sufficient to retain talent. It's important for organizations to regularly review and update their rewards programs to attract and retain talent.
How can you make your team feel valued and stay motivated? Wrap up the year on a high note and recog...
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