Personalized Bonuses
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Personalized Bonuses

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Many businesses have the ability to award bonuses for exceptional performance.  Often, the bonus is made in the form of a cash award.  However, if you happen to know the award recipient well enough, you may find that you get more "bang for your buck" if you award a personalized bonus.

For example, if the award recipient is a sports fan, tickets to a sports event may fit the bill.  If he or she has a particular hobby, you could award something that would be related to that hobby.  For example, someone who is interested in quilting might get a gift certificate from a quilting store or someone who is interested in fishing might receive a special fish lure or rod, or a gift certificate to a fishing supplies store.  

The challenge here is to find something that meets the employees personalized interests.  If you're not able to do that, you're better off making a more traditional cash award (or, as a substitute, giving an Amazon.com gift certificate which, these days, allows employees to purchase from a wide range of items).
 

Copyright © 2005 by Bill Roche.  All rights reserved.  All material on this site (www.TopResults.com) is protected by U.S. Federal Copyright law. It may not be reprinted in any form, or hosted on any Web site, without explicit permission.

 

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Copyright © 1998-2015 by The Executive Strqtegies Group LLC.  All rights reserved.  All material on this site (www.TopResults.com) is protected by U.S. Federal Copyright law. It may not be reprinted in any form, or hosted on any Web site, without prior written permission.