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Most Total Rewards strategies check all the usual boxes—health, retirement, time off. But there's one area that still gets overlooked, and it's the one that can cause employees the most stress: their finances.
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"This gift did not make me feel appreciated or valued by my employer." Employees share the gifts that made an impact on them around the holiday season.
Holders of the card, issued by Synchrony Financial, receive 3% cash back on medical visits, veterinarian bills, gym fees and certain other health-related expenses.
In 2019, 70% of firms said they either had a compensation philosophy, or they were working on one. Experts suggest this can help retain employees and improve pay equity.
More workers would forgo celebrations and bonuses for more consistent rewards and recognition.
