Lehman brothers gave a 130% retention bonus when the firm when bankrupt. AIG staff got $165m retention bonus, of late. Most of the candidates who wanted to switch to a different company, during a difficult phase, preferred to stay back with Nomura (the firm which acquired Lehman), once the retention bonus was announced.
The above situation just gives an idea on the wonders; retention bonus can deliver to an organization. The retention bonus scheme varies from company to company. Some offers a percentage of the salary as the retention bonus. The percentage would vary from company to company. Some of them would even offer a flat fixed package. Some companies pay out the bonus in lump sum while others space it out over a period of time.
Retention bonus can be a part of the pay structure as well. To know more about pay structure visit
http://www.salary.com/personal/layoutscripts/psnl_articles.asp?tab=psn&cat=cat225&ser=ser034&part=par409
The above situation just gives an idea on the wonders; retention bonus can deliver to an organization. The retention bonus scheme varies from company to company. Some offers a percentage of the salary as the retention bonus. The percentage would vary from company to company. Some of them would even offer a flat fixed package. Some companies pay out the bonus in lump sum while others space it out over a period of time.
Retention bonus can be a part of the pay structure as well. To know more about pay structure visit
http://www.salary.com/personal/layoutscripts/psnl_articles.asp?tab=psn&cat=cat225&ser=ser034&part=par409
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