Signing Bonuses
Keep Financial
Improve hiring with vesting cash bonuses.
Attracting and hiring top talent is extremely difficult, time consuming, and expensive. Protect that investment with signing bonuses that actually drive retention and motivation.
Retaining New Hires
Hiring & Retention Strategy
Attracting (and winning) key talent in today’s environment requires some sort of capital investment up front and a compelling compensation package. This often means employers are doling out fairly substantial signing bonuses.
Historically, signing bonuses stemmed from one-off situations exacerbated by the downfall of equity or the rising cost of living. Now, signing bonus strategies have become commonplace across multiple industries – well beyond the technology worker use case – from healthcare to pharmacy to trucking.
The Challenge
Traditional Signing Bonus Limitations
Transactional
Considered a bargaining chip, traditional signing bonuses don’t support future employee retention, morale, or engagement.
Collections
HR often lack time to track the bonus collections process and enforce the contract when clawbacks are included.
Legal
Some states require these to be labeled ‘cash advance’ to ensure future clawback.
Vesting Cash Bonuses
Hiring, Retention, and Performance Solution.
Keep delivers the ability to instantly craft a vesting bonus that meets an employees’ needs while delivering the additional benefits of tenure, emotional attachment, and trackable ROI. What if you could be strategic about your hiring and retention compensation program? What if you had a tool that would allow you to easily create and deploy vesting starting bonuses to your top candidates? Well now you do.
Keep’s Employee Engagement Platform (KEEP) enables you to attract top talent, acquire key hires, and retain them longer.
Keep Platform Benefits
Turn-key Onboarding
Turn-key onboarding that allows HR teams to instantly leverage the platform with no dependence on IT integrations.
Bonus Management Dashboard
Bonus dashboard for HR teams to have an integrated view of their bonus portfolio with notifications and updates (for both employers and employees) about key milestones for bonuses.
Employee Portal
Employee self-service portal that lets employees manage their KEEP account and view their bonus vesting schedules.
Governance & Compliance
Performance Challenges
Attach performance challenges to bonuses. Set goals, if an employee achieves the goals you define, then the employee is rewarded with a reduction in vesting schedule or balance.
Embedded Fintech
Enable seamless bonus delivery and funding execution for increased efficiency. Intuitive user interface (UI) for any sized organization and employees at all salary levels.
Employee Retention Program
Deploy a vesting bonus plan in minutes, not weeks.
Creating an equitable bonus and retention program can be challenging. With KEEP you can easily create and deliver vesting cash bonuses to the employees you wish to secure.
See how Keep can help you create an employee bonus
program tied to retention in this short video.
Did you know?
Losing, attracting, hiring, and training employees can be expensive and time consuming.
This is a very real, yet fixable problem with Keep Financial’s vesting bonuses.
94%
Percentage of employees who responded yes to ‘if a company invested in them, they would stay longer.
16% - 213%
Employee turnover costs between 15% and 213% of the workers salary.
23%
Only 23% of businesses say they are not having trouble with hiring.
51%
Workers actively looking for new job opportunities.
8 Months
Average number of month for an employee to reach full productivity.
42 Days
Average number of days it takes to fill an open position.
24%
Turnover rates of 20% before the pandemic could face a turnover rate as high as 24% in 2022 and years to come.
46.7 Hours
Companies spend an average of 46.7 hours to train an employee.
The Keep Advantage.
Keep Financial is revolutionizing how companies attract and retain top talent with vesting cash bonuses – providing an easy-to-use platform to create and deploy usable cash to employees that is earned over their tenure.
Easy to implement and scale
Delivers long term engagement as these are not transactional but purpose built to drive employee engagement.
Retain top talent
Set bonus vesting schedules that drive retention. Enable employees to access the funds early to achieve their financial goals.
Build a performance culture
Reward employees for tenure and performance. Performance challenges enable businesses to achieve goals and builds morale.
More Keep Use Cases.
Easily reward key employees for extra effort and show they’re valued, all while driving retention.
Ensure your merger, acquisition, or other business transformation aligns with top talent retention.
Motivating employees to achieve specific goals can be challenging. KEEP Performing allows companies to create vesting cash bonuses with performance challenges attached.
Get smarter, more productive employees and retain them longer with Tuition Reimbursement from Keep Financial.
Keep Financial
Attract top talent and retain them longer with vesting cash bonuses
