Companies can consider using gift cards or other gifts as a bonus rather than using cash. Disadvantage: Costly for CompanyĪ cash bonus can be costly for any company.Ī company must calculate whether it can afford yearly bonuses, holiday bonuses or the use of incentive and reward bonuses-and for how many employees. Receiving a bonus payment will not only show the employee he was appreciated for his hard work, but it will motivate him to continue to work hard for further rewards.
Bonus payments do not have to be awarded on a holiday, at the end of the year or as an incentive.Ī bonus payment can also be used as a means of appreciation for an employee's hard work throughout the year or in a specified amount of time in the year.
