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In an environment of tighter corporate budgets and continued high workforce compensation expectations, might non-financial rewards be a solution to mitigate turnover risk?

Public-sector employees may not be familiar with terms like performance-based pay, variable pay, incentive compensation, equity compensation or wellness incentives.

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NAPHIA executive director Kristen Lynch noted the 25.7% average policy growth rate in the North American market over the past five years demonstrates pet owners increasingly understand the value of — and need for — this type of insurance, which is important considering: These owners, in aggregate, have more than 170 million pets (dogs, cats, etc.)

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Compensation & Benefits Review   47(5-6): 207-215.

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