Facts are facts: holiday, seasonal, and year-end events can leave a person broke. The same can be said for a company who, at the end of the year, doles out bonuses to its employees.
In short, a business that gives its employees holiday bonuses, can, in fact, do itself harm, particularly with cash flow.
So what are some other types of appreciation, other than money, that a company can give its employees? Read these articles to find out.
This article explains the differences between what we traditionally know to be a benefit – which can sometimes come in the form of a bonus – as opposed to a long-term employee reward, which would be a perk.
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As a hiring manager, you should be aware of what your employees prefer more for their bonuses: one-time yearly bonuses and perks or pay raises.
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Strong, involved hiring managers tend to almost intimately know their employees. And that’s a good thing when it comes to tax-free gifts that employers can give their employees during the holidays.
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This is another article substantiating the understanding that to most employees bonuses and perks outweigh the value in a pay raise.
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How did the work atmosphere come to a point where employees prefer benefits over bonuses in nearly every business, including higher education? Read more in this article.
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Even the most aware hiring managers may not be privy to the types of benefits and perks available to their employees.
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As a responsible employer, you need to know if your employee bonuses and perks are convincing your employees to stay with your company.
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Bonuses are important for you to keep your employees, especially when your competition is also providing their employees' bonuses.
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