For many people, the cash bonus is an effective motivation tool. Could there be a better way to praise and encourage employees in your organisation?
| Making sure a business runs at its best can sometimes feel like a thankless task. Being responsible for keeping the staff in your organisation motivated often means you are responsible for dispensing advice and encouragement, rather than being the recipient. Part of that responsibility involves making sure that employees feel appreciated for the good work they do, even if you rarely experience that appreciation yourself. Where you may find yourself on the receiving end of some positive reinforcement, however, is when it comes to the performance of the business. Research from Deloitte has found that over 80 per cent of modern organisations have some form of employee rewards and recognition programme in place, and those companies enjoy a 14 per cent improvement in engagement, productivity and performance.
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