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10 Minute Guide to Motivating People by Nancy Stevenson

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Providing Special Financial Incentives

Everybody earns a salary, and almost everybody receives benefits (except, perhaps, part-time employees and contract workers). But a bonus is one place that an employer or manager can use his or her discretion.

Companies today are setting up complicated formulas for calculating bonuses. What was once a way for an employer to show unexpected appreciation for excellence has now become a 10-page document that takes an hour to explain in employee orientation.

Still, the way you use bonuses remains an important motivating factor in today's workplace.

A Yearly Bonus: It's Expected

A once-a-year bonus, usually presented around the Christmas holiday season, has become the norm. This is the bonus that is usually based ...

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