• Rewarding Your Team: Effective Bonus Strategies for Small Businesses, Educational Series

  • Jan 20 2025
  • Length: 11 mins
  • Podcast

Rewarding Your Team: Effective Bonus Strategies for Small Businesses, Educational Series

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  • Summary

  • Wendy Sellers, The HR Lady®, dives into the world of employee bonuses and how to reward your team effectively without straining your budget.

    In this episode, she reviews different types of bonuses and their significance in boosting morale and incentivizing beneficial behaviors. Learn why it's important to tailor bonuses to individual and team achievements and the impact of recognition on employee engagement. Discover the importance of timing, aligning bonuses with company culture, and the pitfalls to avoid in bonus distribution.

    Whether it's cash rewards or non-monetary perks like extra time off and flexible schedules, Wendy emphasizes that appreciation and recognition are key to motivating your team. Tune in for honest insights and a sprinkle of humor to keep your HR practices real and effective.

    Get the free trial of "Insider Access by The HR Lady®" at https://thehrlady.com/membership.
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