Easily Replace Comments from the Retention Agreement

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How to Replace Comments from the Retention Agreement

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If you were to print a copy of your document, and ask a friend to proofread it, theyd probably mark the errors in red pen, and write any suggestions they had in the margins. Wouldnt it be easier if you could do that electronically? In Word, you canusing two features called Track Changes and Comments. Im going to turn on track changes right now so I can show you what I mean. To do this, go to the Review tab then click the Track Changes command. Now any changes I make to the document will appear as markup, which is Words answer to the traditional red pen. For example, when I delete text, it doesnt go away it just gets crossed out. When I add more text, it gets underlined. This lets the owner of the document see what changes Ive made before making them part of the final draft. You can also add comments in the margins by selecting the text you want to comment on then clicking the New Comment command. In this example, it would be best to address the letter directly to the hiring

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Can you get out of a retention agreement?

Releases or waivers of claims have no place in retention agreements. The essential requirements are (i) you agree to stay, and if you do (ii) they pay you a specified sum of money.

How do you respond to a retention bonus offer?

Thank you very much for your offer. It has certainly given me a lot to consider as I decide where to take my career. I would be happy to accept if we could increase the current offer by X.

What is an acceptable retention bonus?

Typical retention bonuses can be anywhere from 10% to 25% of the base salary, depending on the industry. Your employer might also choose to pay a flat rate, such as $5000. A retention bonus is commonly paid as a lump sum amount, but some employers may break it down to ensure their benefits in case youre dismissed.

How do you explain a retention bonus?

A retention payment (sometimes called a stay bonus or retention incentive) is a lump sum payment outside of an employees base pay that is offered as an incentive to convince a key employee to remain in their current position for a specific amount of time to meet critical and priority business needs.

Can you negotiate a retention agreement?

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.

How do you justify a retention bonus?

The rationale behind the offer is the managements understanding that the employee is taking a risk. Chances are their job will disappear. Its in the employees best interest to go searching for another job. In effect, the retention bonus pays the employee for that risk of staying.

What is justification for retention incentive?

Justification The written description of the unusually high or unique qualifications or special need of the agency for an employees services that supports the need to offer a retention incentive.

How do I argue for a retention bonus?

The lesson is this: In proposing a retention bonus or agreement to your employer, you should first emphasize (a) why it would be in the interests of the employer, and, then (b) what benefit will come about to the employer if it offers the retention bonus.

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