Survey: Cash Makes A Comeback As Employee Motivator

Jan. 13, 2005
Compiled by Tonya Vinas When it comes to motivating employees, go directly for the green. This is according to a recent e-mail survey by WorldatWork, formerly the American Compensation Assn. The professional association surveyed 630 members and found ...
Compiled byTonya Vinas When it comes to motivating employees, go directly for the green. This is according to a recent e-mail survey by WorldatWork, formerly the American Compensation Assn. The professional association surveyed 630 members and found that spot bonuses -- cash rewards handed out immediately for outstanding work contributions -- are as significant an employee benefit these days as flexible work schedules, stock options, and work/life benefits. Fifty-percent of survey participants use spot bonuses, and 32% of those who don't use them say they plan to start. The bonuses are as high as $2,500 for some companies, and they are not limited to management ranks. Ninety-five percent of respondents make IT staff eligible for the bonuses, and 47% of those who have a spot-bonus program make it available to all employees.

Popular Sponsored Recommendations

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

How Digital Twin Technology is Empowering Manufacturers

Sept. 27, 2023
This FAQ delves into why this technology offers business value and considerations toward implementation.

Modern Edge Computing Accelerates Smart Manufacturing Initiatives for Discrete Manufacturers

Oct. 22, 2023
Discover how Edge Computing platforms are a requisite for discrete manufacturers to solve production challenges, accelerate digitalization, and establish a reliable infrastructure...

Food and Beverage 2024 Trends and Outlook for North America

Oct. 29, 2023
Ready to hear what 200 of your peers said are the top challenges and opportunities in 2024? Don’t fall behind. Uncover actionable insights to better prepare for 2024 in this whitepaper...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!