Reward Your Employees: Spot Bonuses
Many firms aren’t in the position to give their employees large annual bonuses due to economic slowdown. Rewarding an employee for their hard work is essential at any time for keeping up productivity. During these trying times, rewards for hard work help to boost morale and keep up productivity. A spot bonus is typically paid “on the spot” to individuals or a group of employees for a specific behavior, action, or result. Harvard Business Review offers a great overview of just how effective spot bonuses can be right now.