‘Stay bonuses’ aren’t just for top execs anymore — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

‘Stay bonuses’ aren’t just for top execs anymore

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in Hiring,Human Resources

More companies now offer retention bonuses to rank-and-file workers, too, according to surveys by consultants WorldatWork and Lee Hecht Harrison. Example: A ceramic-parts manufacturer offered all its 100 employees a $1,000 yearly bonus to stay during a two-year hiring freeze. Workers at some factories receive pay to remain during shutdowns or product-line discontinuations.

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