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Recruitment and retention have been top of mind for employers since the pandemic disrupted the workplace. It turns out that one of the best incentives may be cold, hard cash.

Nearly nine in 10 employees would take an extra cash bonus in exchange for time commitment at their company, the Effective Compensation Study Report from Keep Financial found.  In addition, three-fourths of respondents who receive stock options or other equity said they would rather receive all or a portion of that equity as cash today in exchange for a time commitment.

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Alan Goforth

Alan Goforth is a freelance writer in suburban Kansas City. In addition to freelancing for several publications, he has written a dozen books about sports and other topics.