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Retention Bonus Strategies

Retention Bonus Strategies

Retention Bonus Strategies

I would like to create a retention bonus for our BCBA’s and RBT’s. Our BCBA’s are required to meet 20hrs a week, I have included retention bonus ideas from other companies but would like to create my own that would catch staff interest and engagement

Retention bonus rates typically range between 10% and 15% of an employee’s base pay, and companies often offer them as a lump sum or in biweekly or biannual installments. They’re powerful retention tools as long as business and employee needs alIign

An example from a company is included in the following link:

https://www.tealhq.com/job/bcba-5k-to-10k-retention-bonus_960ff562-52db-487c-8445-798017c171e2

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Retention Bonus Strategies

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APA

Retention Bonus Strategies

To create an engaging and appealing retention bonus structure for our BCBA (Board Certified Behavior Analysts) and RBT (Registered Behavior Technicians) staff, the proposed plan aligns with industry standards and incorporates innovative ideas to attract and retain top talent. This plan emphasizes flexibility, fairness, and recognition of staff contributions.

Retention Bonus Structure

  1. Base Percentage Bonus
    • BCBA: Retention bonus set at 15% of annual base pay.
    • RBT: Retention bonus set at 10% of annual base pay.

    Bonuses will be distributed in the following ways:

    • Biannual Payments: Split into two equal payments after 6 months and 12 months of continuous employment.
    • Lump Sum Option: Offered after 12 months for those who prefer a single payment.

Tiered Performance Incentives

Incorporate additional bonuses tied to performance and meeting organizational goals:

  • BCBA: Additional $1,000 for maintaining a caseload of 20+ hours per week consistently for 6 months.
  • RBT: Additional $500 for completing 90% of scheduled sessions and documentation on time for 6 months.

Commitment Bonus Milestones

  • 1-Year Retention: $3,000 (BCBA) and $1,500 (RBT) added to the base bonus as a milestone reward.
  • 2-Year Retention: $5,000 (BCBA) and $2,500 (RBT) added to the base bonus for long-term commitment.

Professional Development Incentive

  • BCBA & RBT: Cover up to $1,500 annually for continuing education, certifications, or professional development courses. This not only supports staff growth but also incentivizes them to stay with the organization.

Wellness and Recognition Bonus

  • Wellness Bonus: $250 additional bonus for maintaining consistent attendance with fewer than two unscheduled absences in six months.
  • Recognition Program: Highlight and