Many firms aren’t in the position to give their employees large annual bonuses, but spot bonuses can be an effective alternative. Companies can use a spot bonus to stimulate feelings of satisfaction among employees, incentivize group behaviors and build a stronger sense of solidarity, writes Sanjiv Das, CEO of Caliber Home Loans and former CEO of CitiMortgage.
Viewpoint: How to Reward Your Employees Without Breaking the Bank
by Market Cheetah | Aug 14, 2020 | Bonuses and Incentives, Human Resources