An Added Bonus: Examining Employee Incentive Plans
A majority of organizations use some type of bonus compensation to reward employees for quality work. This raises the question of which bonus compensation system is most effective. By using a performance-related or organization-wide incentive program (e.g., profit sharing), different outcomes should be expected. Along with these incentive programs, employers must also recognize the importance of increasing internal motivation of employees. Check out this CMA white paper to read more!