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Fundamentals of Human Resource Management 5th Edition by Raymond Noe, John Hollenbeck, Barry Gerhart, Patrick Wright
Edition 5ISBN: 9780077515522Fundamentals of Human Resource Management 5th Edition by Raymond Noe, John Hollenbeck, Barry Gerhart, Patrick Wright
Edition 5ISBN: 9780077515522 Exercise 4
Fewer Companies Awarding Spot Bonuses
A decade ago, a majority of companies were paying spot bonuses - bonuses delivered on the spot for special recognition, to reward performance above and beyond expectations, or upon the completion of a project. More recently, the use of spot bonuses has been declining. In organizations that still award these bonuses, maximum payments to managers, supervisors, and professionals are typically in the range of $2,500 to $5,000.
From the perspective of an employer, how could you determine whether the decline in use of spot bonuses makes good business sense?
Percent of Companies with Spot Bonus Programs
A decade ago, a majority of companies were paying spot bonuses - bonuses delivered on the spot for special recognition, to reward performance above and beyond expectations, or upon the completion of a project. More recently, the use of spot bonuses has been declining. In organizations that still award these bonuses, maximum payments to managers, supervisors, and professionals are typically in the range of $2,500 to $5,000.
From the perspective of an employer, how could you determine whether the decline in use of spot bonuses makes good business sense?
Percent of Companies with Spot Bonus Programs
Explanation
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Fundamentals of Human Resource Management 5th Edition by Raymond Noe, John Hollenbeck, Barry Gerhart, Patrick Wright
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