Assessment of Adaptability through Monetary Fringe Benefits during Covid Crisis for Job Retention

Abstract

Providing special benefit to the employees is important to enhance the employee relationship and satisfaction level. Monetary benefit during the pandemic is another crucial part that made the entire process better in the business area. Offering flexibility in terms of work hours, location, or job responsibilities can also help improve job retention. Employees who have more control over their work-life balance are generally happier and more likely to stay with their employer. Providing recognition and rewards for good performance can help improve employee morale and job satisfaction. This can include bonuses, promotions, or other financial incentives. The primary data collection and analysis has been adopted in this study to ensure a valid and authentic outcome. It has been seen that providing a huge financial benefit to the employees is helpful to manage the employee retention in the business unit during the covid crisis.