Tag Archives: ChristmasBonus

3 Kinds of Year-End Bonuses to Give Employees

Some employers may be thinking that giving bonuses would only be a hindrance to the company, especially during a dry spell, but that’s not usually the case. In fact, added financial incentive, such as year-end bonuses, provides benefits for both business owners and their employees. Think about giving out one of these three kinds of bonuses this year. Performance Bonus – These types of bonuses are increasingly popular among small business owners. Giving out a performance bonus to employees that meet certain goals that were set earlier in the year is a great way to increase productivity. The extra motivation among employees to meet, or even surpass, their goals will lead to more profit for the business. The best way to do this is to set goals at the first of the year, and make sure each employee stays on track with quarterly reviews. Non-Performance Bonus – These are the…
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