Incentives (i.e. bonuses based on personal results, company\u2019s performance etc.) aren\u2019t things to be afraid of. Yes, they create expense within accounts; they\u2019re an additional routine to maintain and so on, but what they actually do, if set up properly, is motivating people more.\u00a0<\/p>\n
First and foremost it\u2019s important to define the basis for calculating and initially agreeing on a bonus. What are the tresholds that trigger a bonus being paid? Once that\u2019s accomplished it\u2019s about the amounts \u2013 are we discussing one month salary, several months\u2019 salary or some other amounts?<\/p>\n
Now that the basics are covered, it\u2019s important to understand that metrics which trigger the bonus and its amounts should be under tighter observation and controls. If the triggers are manipulative in nature, they\u2019re more prone for being manipulated with. As such, you should come up with controls or separate evaluations which aren\u2019t as subject to possibilities for manipulation.<\/p>\n
Defining a bonus scheme should always include not just financial performance measurements, but also achieving personal goals and some other indicators which in fact couldn\u2019t be manipulated.<\/p>\n","protected":false},"excerpt":{"rendered":"
Incentives (i.e. bonuses based on personal results, company\u2019s performance etc.) aren\u2019t things to be afraid of. Yes, they create expense within accounts; they\u2019re an additional routine to maintain and so on, but what they actually do, if set up properly, is motivating people more.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-5325","post","type-post","status-publish","format-standard","hentry","category-1-9-payables-to-employees"],"aioseo_notices":[],"_links":{"self":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/5325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/comments?post=5325"}],"version-history":[{"count":1,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/5325\/revisions"}],"predecessor-version":[{"id":5326,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/posts\/5325\/revisions\/5326"}],"wp:attachment":[{"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/media?parent=5325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/categories?post=5325"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.officetodo.com\/public\/wp-json\/wp\/v2\/tags?post=5325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}