Episode 34 - What are ways to REWARD my employees? 3 of 4
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The worst way to reward an employee is with a cash bonus that is not tied to anything specific that they had control over. If you bonus cash to an employee and label it something generic like a “Christmas Bonus” they most likely will expect the same or more the following year! Also, a downside of the ambiguity of a cash bonus is that the employee isn’t sure how they should perform to get it again. Today we are going to give some ideas on how to reward employees in a way that will boost overall engagement, morale, AND profits.
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