Performance-based rewards

Performance management and performance-based rewards

Performance management and performance-based rewards Employees often expect good performance reviews to result in financial rewards, for example, in the form of a bonus or salary increase. Employers, HR professionals and managers can utilize performance-based rewards to promote employee performance and satisfaction. When implemented thoughtfully, this approach can strengthen the company culture by recognizing and…

Performance reviews: worth doing if I can’t offer financial rewards?

Performance reviews: worth doing if I can’t offer financial rewards? Employee evaluations are often associated with performance-based salary increases or bonuses. But some companies simply can’t afford to offer financial rewards. Should they still conduct performance reviews? Absolutely! Because the value of a structured performance review cycle goes way beyond mere financial incentives! Even without…