Incentive Pay & Employee Motivation: Create an Experience
More and more companies are using incentive pay to reward their employees. It is easily linked to pay-for-performance and as one-time events, the costs are contained; making them attractive compared to merit increases that perpetuate expenses into the future. Sometimes during this economic recovery, the amounts of money to spend are, shall we be polite and say, modest? You want to reward performance that stands out, and yet the bucks just are not there to be shared. What can you do?