Spot Bonuses

Retaining your new hires longer

Create effective Spot Bonuses.

Spot bonuses can be a great way to target and easily reward employees for their hard work. By leveraging vesting bonuses, you can show your employees they are valued, while driving retention at each vesting milestone.

Showing Appreciation And Driving Retention

Spot Bonuses

There are many ways – beyond a large annual bonus – to show appreciation for your key talent. Even a small bonus can be effective and have a longer-term return.

According to research done by PayScale in 2018, spot bonuses are the second most commonly used form of variable pay, tied with employee referral bonuses, after annual individual bonuses.

There’s scientific proof that small, frequent bonuses can make employees feel more satisfied: In a 2001 study, neuroscientists discovered that the anticipation of monetary rewards generates a significant amount of activation in the nucleus accumbens, which is part of the “reward circuitry” of the brain. In the same study, participants self-reported that they felt happier at the prospect of monetary gain.

The Challenge

Traditional Spot Bonus Limitations

Transactional

Considered a bargaining chip, traditional signing bonuses don’t support future employee retention, morale, or engagement.

Collections

Some states require these to be labeled ‘cash advance’ to ensure future clawback.

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 cash bonus that meets an employee’s 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 bonuses to your top candidates? Well now you do.

Keep’s Employee Engagement Platform (KEEP) will enable you to attract top talent, close new hires, and retain them longer.

Keep Platform Benefits

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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.

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Governance & Compliance
Governance and compliance features including robust auditing and reconciliation for the finance and FinOps teams to track every bonus and tax payments.
Performance Challenges
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.

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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.

Companies can use a spot bonus like a scalpel to stimulate feelings of satisfaction among employees, incentivize group behaviors, and build a stronger sense of solidarity.

Harvard Business Review

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.

Protect your investment in top talent with bonuses that drive retention and motivation.

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Easily reward key employees for extra effort and show they’re valued, all while driving retention.

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Ensure your merger, acquisition, or other business transformation aligns with top talent retention.

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Give employees the flexibility to balance equity with usable cash tied to retention.

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Motivating employees to achieve specific goals can be challenging. KEEP Performing allows companies to create vesting cash bonuses with performance challenges attached.

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Show your top talent they’re valued and desired at your company before a competitor does.

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