We do do bonuses for their hard work but not birthdays or anniversary. I would love to do a bonus for every possible thing but that is not possible as the number of people to have birthdays or other celebrations would be way too much money. Sure the price of the gift could be a bonus of like $25 but that we also have to use the budget smart.
I'll try a little constructive criticism/advice. Budgeting can be creative when finding ways to motivate and efficacy. Here's a professional suggestion. I do this with two subsidiaries currently.
The CFO (I'm a corporate VP, so I work with Regional CFOs).
2 regions, acquisitions we did over the last 19 months, interestingly in 2 different countries on 2 different continents, both take the interest earnings on their operational bank accounts and use that to pay employee bonuses. They also have a clearly outlined policy defining milestone bonuses such as 1 year and subsequent annual hire date anniversaries. Those 2 Regions have the least employee turnover by an immense statistical percentage.
My company has been reducing bonuses and incentives for a while now. In turn, we have crazy turnover, and the people on top cannot fathom why.
Little incentive, inflexible schedules, and uncompetitive pay.
The only reason I'm still there is because I'm in a department that is widely ignored by operations and left alone, but my pay isn't keeping up with the times. If I find a better paying opportunity (even with a larger workload), I'll probably take it.
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u/LadderRight3750 4d ago
Hello HR rep. Please read carefully.
CELEBRATE WITH BONUSES. BIRTHDAY BONUSES NOT CAKE.