Retention bonus: Stay five years, get $50,000

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in Compensation and Benefits,Human Resources

After realizing how much it spent training new ­employees, SIB Development and Consulting in Charleston, S.C., decided to launch a novel retention bonus: If you keep your job for five years, you get $50,000. Keep it for 25 years, you get a $250,000 bonus. No strings attached.

As founder Dan Schneider told CNN, “There’s nothing that makes peo­­ple loyal to companies anymore” but a $50,000 retention bonus can change that.

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