Employee Bonus Plan

Annual bonuses: How much do they actually incentivize employees?

by Andrea Vearncombe, Total Rewards Manager, Achievers

Do you give your employees big annual bonuses as a reward for their work? Or perhaps you just give them out of tradition? If so, you have plenty of company: It’s common to rely on annual bonus plans to build employee motivation and pad salaries. However, a lot of bonus plans aren’t set up in a way that truly motivates good work. There’s a psychology behind rewards and employee incentives that you need to understand before you can create an effective bonus structure.→ Read More