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Little Extras That Make a Big Difference to Employees

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This story appears in the January 2016 issue of Entrepreneur. Subscribe »

Q: I can’t afford raises. What employee benefits are the most cost-effective to implement?

A: First things first: If you have money to spend on employee benefits, then you have money to put into your employees’ pockets. Trust me, this goes further toward generating loyalty and goodwill than anything else. You don’t have to extend permanent salary or pay increases; one-time bonuses will do the job.

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