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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?

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