Compensation Cafe: Promotions, Bonuses, Raises, Recognition – When They Work (and When They Don’t)
DECEMBER 9, 2014
You can’t give all employees promotions, bonuses, or raises. My post this week on Compensation Cafe was triggered by it being “the season of giving.” ” Many companies distribute annual bonuses around the holidays, leading me to ponder the best time and use for bonuses as well as the other major reward methods of promotions, raises and, of course, recognition. Recognize This! - They become an expectation and it’s a very poor use of budget.