article thumbnail

12+ Creative Staff Bonus Ideas That Go Beyond Cash Rewards

Empuls

Bonuses have long been a favorite tool for employers to boost employee motivation and engagement. While salary increases play a role, bonuses—especially those tailored to individual preferences—can have an even bigger impact on morale and performance. The challenge is that not all bonuses are created equal.

Bonuses 52
article thumbnail

Employee bonus programs: What’s right for your company?

Insperity

Employers usually offer bonuses to employees for a specific purpose (for example, to reward certain behavior or to recognize the achievement of established goals). For employees, bonuses are very popular because they represent an opportunity to earn more money beyond what their salary or hourly rate dictates. How employers benefit.

Bonuses 112
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Getting a Gift for Your Employees: 5 Points to Remember

Take It Personel-ly

It might be more important than ever with recent events cutting into the bonuses your employees likely expect. You wouldn’t have a business without your workforce. So what can you do to make your staff feel appreciated for the holidays? With that in mind, here are five points to remember to show your workers how […].

Bonuses 233
article thumbnail

47% of businesses plan bonuses for Christmas 2022

Employee Benefits

Almost half (47%) of businesses said they planned to provide staff with year-end bonuses for Christmas 2022, according to research by Just Eat for Business. For those planning on providing Christmas bonuses, employers based the decision on sales targets (31%), profits (30%) and employees’ personal goals (29%).

Bonuses 105
article thumbnail

How To Design An Effective Spot Bonus Program?

Vantage Circle

Although there are innumerable ways of rewarding your employees, rewards like spot bonuses undoubtedly win it. Unlike traditional performance-based bonuses typically tied to annual or quarterly reviews, spot bonuses can be awarded anytime. Hands down! Spot Bonus- What is it? Why Give Spot Bonus to Employees?

Bonuses 105
article thumbnail

Understanding Service Rewards and Taxation Benefits in the US

Vantage Circle

Cash, gift certificates, travel, vacations, event tickets, bonds, stocks, and other intangible incentives are excluded from tax-deductible awards. Not eligible for favorable tax treatment if given alongside salary adjustments or as a substitute for cash bonuses.

article thumbnail

John Lewis Partnership to pay 3% bonus and increase staff pay

Employee Benefits

“We see continued uncertainty from global events affecting the economic environment, our customers, partners and society. The John Lewis Partnership is to pay employees a 3% bonus, as well as committing to pay the voluntary living wage and implementing a wider pay rise.

Bonuses 102