Reward Employees
You create categories for your staff, from Executive to New Hires, offering different amounts of coverage for each category.
FOR EXAMPLE:
Rename, add, or delete categories and amounts to suit your organization
Category Examples
Category Amounts
How Much Will It Cost?
Executive
Managers
Full-time employees
Part-time employees
New hires
(You decide the titles, these are only examples.)
$5,000 per year (you can offer up to $15,000 per year).
$1,000 per year (your choice).
$500 per year (not less than 10% of Executive offer, which in this example is 10% of $5,000 per year)
$200 per year (your choice)
Stipulate a maximum monthly amount until they complete their probation period. This prevents a New Hire from using the total annual amount and then leaving before the probation period is completed.
Offer Milestone Increases at: 6 - 12 months, 2 years, etc.
The Cost for A $500 per year benefit cost translates to about
25 cents per hour.
Is this a reasonable cost to attract great new talent or to retain well trained staff?