Insert Value Choice in the Retention Agreement

Aug 6th, 2022
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How to Insert Value Choice in the Retention Agreement

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in todays show we use a sharepoint http action over in flow to read and write a choices column in sharepoint so the idea here is that we want to add dynamic values but we dont want to just add them to the data we actually want to make them a choice going forward so it should be fun but first heres our intro hi my name is shane young with powerapps911 those guys and today were going to use the sharepoint http action flow and so the idea here is that last week we built a power app where you could use the combo boxes search text to let users provide their own search values inside of choice fields right so we added a color that wasnt in the list by a little bit of you know powerapps shenanigans and so this week what we want to do is we want to take that field that color they added so if they add chartreuse whatever that is then what were going to do is were going to take that were actually going to write that over to the sharepoint list so the next person who wants to use sarchu tr

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Yes, employees can negotiate their retention bonus. In addition to negotiating the payoff amount of the retention bonus, employees should discuss the term of the agreement to ensure they are comfortable with the date of the payment and the expectation of what the employee will do during the retention bonus period.
The five main drivers of employee retention are strong leadership, frequent feedback, including recognition, opportunities for advancement, competitive compensation packages, and a good work/life balance. For retention strategies to be successful, they should be crafted with these five drivers in mind.
The average retention bonus is between 10% to 15% of an employees base income, but the amount can go up to 25%. Employers must consider why they are giving the retention bonus to determine the amount given.
A retention bonus is a substantial sum of money paid to an employee. The value of these bonuses can range from 10% to 20% of an employees base pay. This is a one-time payment awarded in addition to the regular base salary of the employee.
The bonus is typically offered as a percentage. For example, a 10% retention bonus for an employee that makes $124,000 a year would be $12,400. Taxes are applied to retention bonuses through either the percentage method or the aggregate method.
Although its not guaranteed, a retention bonus package will likely result in higher productivity and company loyalty than usual, especially if theyre targeting the right people. And this makes sense, after all, the more appreciated an employee feels the better work they will produce.
In conclusion, retention bonus agreements are a great way to keep key employees on board during difficult times. They can also be used to incentivize employees to stay with a company during a period of transition or change.
Use the list below for help with your salary negotiations and to understand your stay bonus plan. Request a copy of the contract to review. Pay close attention to the language used. Take your time. Consider declining. Request a meeting. Propose adjusting the time period. Contemplate asking for a raise instead.

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