For a long I have been an advocate of some form of bonus system in small businesses. However, every now and again I waver.
Bonuses motivate some teams, but speaking personally I’ve never really been motivated by financial incentives. How about you?
That’s not to say that an unexpected bonus, after doing something has helped me feel appreciated. But then, bonuses given to others who (in my view) performed worse than me has demotivated me.
What do you think about including some sort of staff bonus scheme in your small business?
Does money motivate the right behaviours?
Many bonus schemes seem to motivate the wrong sort of behaviours, for examples not working as a team and not helping colleagues. There are even those who would say they include some of the behaviours that contributed to problems in the banking sector over the last few years.
Can bonus schemes work, or should you drop them?
5-50 Growing your small professional practice