---
title: Smarter compensation solutions for education | Keep Financial
description: There's a smarter way to recruit, retain, and incent your educators. Learn more about strategic, ROI-driven compensation solutions from Keep.
image: https://keepfinancial.com/hubfs/KeepSolutions_Education.png
---
NEW!
[**Blog: How Do You Build An Employee Flywheel?**](https://keepfinancial.com/blog/the-employee-flywheel-how-to-build-business-momentum-by-hiring-and-retaining-the-right-talent)
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- [Retention](https://keepfinancial.com/employee-retention-and-strategies)
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- [Compensation](https://keepfinancial.com/employee-compensation)
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- Why Keep?
Why Keep
- Employers
- [How it Works](https://keepfinancial.com/how-it-works)
- [Keep Benefits](https://keepfinancial.com/benefits)
- [Product Features](https://keepfinancial.com/features)
- Employees
- [Flexible Compensation](https://keepfinancial.com/employee)
- [Using a Keep Bonus](https://keepfinancial.com/blog/top-5-ways-to-leverage-your-keep-bonus)
- Solutions
[Solutions](https://keepfinancial.com/solutions)
- By Use Case
- [Signing Bonus](https://keepfinancial.com/signing-bonuses)
- [Poaching Defense](https://keepfinancial.com/employee-poaching)
- [Annual Bonus](https://keepfinancial.com/annual-bonus)
- [Equity Alternative](https://keepfinancial.com/beyond-equity)
- [Spot Bonus](https://keepfinancial.com/spot-bonuses)
- [M&A](https://keepfinancial.com/ma)
- [Performance Bonus](https://keepfinancial.com/performance-rewards)
- [Tuition Reimbursement](https://keepfinancial.com/tuition-reimbursement)
- [Smarter Severance](https://keepfinancial.com/smarter-severance-that-works)
- By Industry
- [Healthcare](https://keepfinancial.com/healthcare)
- [Construction](https://keepfinancial.com/construction)
- [Logistics + Transportation](https://keepfinancial.com/logistics-transportation)
- [Technology](https://keepfinancial.com/technology)
- [Retail](https://keepfinancial.com/retail)
- [Hospitality](https://keepfinancial.com/hospitality)
- [Manufacturing](https://keepfinancial.com/manufacturing)
- [Automotive](https://keepfinancial.com/auto)
- [Education](https://keepfinancial.com/education)
- [Senior Care](https://keepfinancial.com/senior-care-services)
- By Role
- [Compensation + Total Rewards](https://keepfinancial.com/compensation-total-rewards-solutions)
- [Human Resources](https://keepfinancial.com/human-resources-solutions)
- [Finance Leaders](https://keepfinancial.com/finance-leader-solutions)
- [Executive Leadership](https://keepfinancial.com/executive-leadership-compensation-solutions)
- [Legal Leaders](https://keepfinancial.com/legal-leader-solutions)
- Resources
[Resources](https://keepfinancial.com/resource-library)
- - [Blog](https://keepfinancial.com/blog)
- [Help Center](https://docs.keepfinancial.com/knowledge)
- [Partner Program](https://keepfinancial.com/referral-partner-program)
- [Resource Library](https://keepfinancial.com/resource-library)
- [Integrations](https://keepfinancial.com/integrations)
- Topics
- [Retention](https://keepfinancial.com/employee-retention-and-strategies)
- [Bonuses](https://keepfinancial.com/employee-bonus-structures)
- [Compensation](https://keepfinancial.com/employee-compensation)
- [Engagement](https://keepfinancial.com/employee-engagement)
- [Forgivable Loans](https://keepfinancial.com/smarter-employee-forgivable-loans)
- About Us
[About Us](https://keepfinancial.com/about-us)
- - [About Us](https://keepfinancial.com/about-us)
- [Founding Story](https://keepfinancial.com/our-founding-story)
- [Press Room](https://keepfinancial.com/press-room)
- [Press Kit](https://keepfinancial.com/press-room#press-kit)
[Demo](https://keepfinancial.com/request-a-demo)
[Sign Up / Log In](https://app.keepfinancial.com/sign-in)
##### Education
# Incent and retain your educators with smarter compensation.
Traditional signing and retention bonuses aren’t working to attract and retain your top talent, but they could. With Keep, expect 4X the results of your current practices.
[Book a Demo](https://keepfinancial.com/education#EducationForm)
##### The challenge
## Traditional compensation is no longer attracting and retaining talent
Schools around the country are still feeling the aftershocks of the pandemic-induced virtual education experience when it comes to keeping and attracting new teachers. With exponential educator vacancies, school districts are struggling to attract educators and keep up with higher-paying schools.
Given that most teachers' salaries are paid from a set payscale based on experience and education level, a signing bonus could make the difference between a school filling their vacancies or not.
It’s time for a smarter approach to recruiting, motivating, and retaining educators.
#### Low Retention
Smarter, retention-based compensation is a key way to demonstrate appreciation for the work these employees put in while enabling them to build long-term wealth.
The National Center for Education Statistics (NCES) found that every year, 8% of US teachers leave their profession early, and another 8% move to a different school, giving a total turnover rate of 16%.
#### Low Morale
Most educators went through what may have felt like a war during the pandemic. Keeping students sane while grappling with their own sanity at the same time.
If their district could verbally recognize this strain and deliver compensation to show its support, that would go a long way to keep teachers engaged and motivated.
#### Competition
Teachers know they are few and far between right now, so they truly have their pick of the highest paying district or the highest signing bonus.
It’s up the hiring leaders to stand out and show prospective teachers that their school will value them, pay them, and keep them.
## Traditional retention-based compensation creates administrative headaches and unnecessary expense
#### Collections
Clawbacks are expensive to enforce and many end up unenforceable.
#### Tax Complexities
Paying taxes up front leads to countless hours wasted on preventable W2 corrections.
#### Manual Tracking
Many track sign-on and retention bonuses manually, making automation and scalable edits difficult.
#### Teacher turnover, which usually averages about 16% nationwide, could see a spike as anywhere from 25% to 54% of educators are considering leaving the profession.
[EdWeek](https://www.edweek.org/teaching-learning/why-teachers-leave-or-dont-a-look-at-the-numbers/2021/05)
##### The solution
## Custom, scalable sign-on and retention bonuses
**Keep Financial gives you a flexible compensation platform to offer, send, and manage your sign-on, retention, and performance-based bonuses.** With Keep, you can improve your recruiting, retention, and performance through a fully digital, automated platform to deliver upfront compensation earned over time.
#### Automate compensation
A fully automated system to deliver upfront compensation tied to **time-based and performance-based vesting**
#### Track milestones
Enable employees and employers to track & celebrate milestones
#### Improve finances
Improve providers’ credit and help remove their financial roadblocks
#### Flexible and modifiable
Include flexible components like performance challenges, easily modify arrangements
#### Optimize cash flow
Optimize cash flow & AR management, defer taxes & automate collections
#### Reduce manual effort
Save time and money by automating manual tasks like bonus tracking, clawbacks, W2 corrections, and more.
## Keep Financial features
- Turn-key product and no IT support required
- Bonus dashboard with employer and employee views
- Employee self-service portal to view milestones and withdraw bonus
- Governance and compliance built-in
- Finance-friendly, with robust auditing and reconciliation features
### “Keep has been an important tool in our employee retention program at Bestow, and we’re eager to utilize Keep Performing to better align performance objectives with significant compensation events.”
#### Claire Martin | CFO at Bestow Inc.
## See Keep in action.
- [info@keepfinancial.com](mailto:info@keepfinancial.com)
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