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High Impact for Low-Wage Workers

July 30, 2004
Related Topics: Work/Life Balance, Benefit Design and Communication, Retention, Compensation
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Some companies have decided their low-wage employees don't have to be disposable. They use such incentives as performance bonuses, child care or educational opportunities to increase loyalty and save on hiring and retention. A financial reward program for hourly retail cashiers and clerks at Eddie Bauer gives workers an additional 6.5 percent of their base pay if store goals are met. In 2003, 95 percent of the chain's stores achieved their monthly sales goals at least once.
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