Tag Archives: millennials

How to reward and increase employee loyalty?

Compensation and benefits
When a company decides to hire new employees, educates them, invests in a probation period and all the requisite technologies, understandably, it expect staff to stay as long as possible. But there is always churn. The Paylab Loyalty Report shows that, in general, loyal employees working for one employer for more than 5 years are in the minority on the labour market at only 27.5%. The largest group is those who are employed for less than 2 years. Attitudes of Millennials and Generation Z are even more complicated, because they have a tendency to consider their career challenges more often and look for opportunities elsewhere. What specific action steps can employers take in order to retain employees on board longer? How many employees do receive loyalty bonus?
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What are the differences in the financial behaviour of millennials born in the 80s and 90s?

Compensation and benefitsSalaries in segment
Millennials, or more accurately Generation Y, are a phenomenon that has had a major impact on the labour market for nearly 20 years. Today’s young adults have brought many new aspects to the work process and often represent a huge question mark for employers and HR professionals. Paylab took a closer look at the financial behaviour of today’s most attractive target group for HR managers, as well as retailers, marketers and developers.
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