That's completely motivation indeed. And those employees will strive harder to make sure that they stay on top their tasks to always attract more bonus from their boss.
There must always be a reason for extending a bonus to employees. It cannot be given for nothing, as this becomes an expense for the company. The main idea from my point of view is to thank and encourage them for their efforts.
The best thing with the bonus is not just the extra money that the employees receive. For me it is the idea that the company is earning a profit because a bonus is extra money which is a clear indication that the company is not losing. I also want to see the happy faces of the employees.
Employers of labour needs to always do something for her employees from time to time to let them know that you appreciate their dedication and the services that they render for the company.
Good things comes to people that works harder in life , so i beleive bonus should be given to workers that puts in their possible best for the progress of the business and company in general.
Giving them bonuses for the extra hours they spend in working for you there is nothing wrong, I mean is it advisable for you to give bonuses after they are finished their main daily responsibilities ?
It is as you describe, from time to time you should show the appreciation and dedication that employees give for the company, in this case both win, both the company for the results and the employees for their recognition.
In effect you can keep the employee who is giving more for the company happy, one of the ways is as you describe with economic incentives, and another way is with promotions within the same.
When my father was still in government service, they have mid year bonus and Christmas bonus. Mid year bonus is given on the month of June. The Christmas bonus isZcvf+
Bonuses are indeed very beneficial to the employees. It is I think a sign that the company is in a healthy state. Because if the company cannot afford to give bonuses to their employees means the company is in a bad state. I like extra bonuses.
Giving bonuses is not necessarily to be given daily after an extra hour was spent at work. You can make it weekly or monthly based on the income generated by the business during that period.
Generally the most common type of bonus that we receive as a performance bonus and this will be dependent on whether or not you are able to save the company money or be able to increase your productivity at work.
It is good to know that your father received those bonuses, I guess the mid-year bonus is the vacation bonus and the Christmas bonus which are the "aguinaldos" in my country are mandatory benefits in all companies. Some other bonuses are occasional.
This they do in the company where you work, are excellent incentives and I think it is the right way to pay them, because if they are "performance" is exactly according to what you have given in the company. In my country where I work they are given every 6 months, depending on each employee and their results in that period.
I hope this is not a compulsory task that a business owner must do all these things to his or her employee ,and I also believe that I will not be seen as stingy if I do not offer all these things in my business organisation ?
It is good that there is a time period in order to gain these bonuses within the company because it will help people to stay motivated as well. If people have a target to work towards then they are more inclined to increase their productivity
That is why I have stated that in my country there are mandatory bonuses (food and transportation, vacations and Christmas bonus) but there are also those given as compensation for work, and this must be earned by the employee for his dedication and commitment, as well as promotions.
A stingy employer always draws his business back every time because he doesn't take care of his employee, giving bonus to workers in your company always makes them always want to do more.
