KnowHR Blog - Latest Comments in 10 Things You Need to Tell Your Employees About This Year’s Bonus

Re: 10 Things You Need to Tell Your Employees About This Year’s Bonus

Jason Seiden — Sun, 16 Nov 2008 17:12:11 -0000

Good to know I'm giving good advice... or at least, I'm not the only one giving *this* advice.

I find mgmt often has a tough time communicating #1. There is a fear of acknowledging that some people work better than others... Ironically, I don't often see lasting negative effects at the employee level. Since school—when GPAs were openly published—they've learned to deal with forced rankings. Even many of the Gen Ys I work with who didn't get that stuff in school CRAVE honest feedback in the workplace.

So managers, the faster you can develop the courage to tell it like it is, the more trust you'll engender and the easier it'll be to manage through the tough times.

Re: 10 Things You Need to Tell Your Employees About This Year’s Bonus

Ron Ulrici — Fri, 14 Nov 2008 17:59:26 -0000

You bring up the downsides of Bonus Programs. They only work when times are good and then they don't work as a motivator, just as an expensive "thank-you."
Even when employees know that the company is hurting, they still expect their bonuses.

Re: 10 Things You Need to Tell Your Employees About This Year’s Bonus

lruettimann — Fri, 14 Nov 2008 16:24:44 -0000

There’s no hidden money; there’s no slush fund that someone else got.

I can't tell you how many times that slush fund has been referenced in my discussions with employees. Many don't trust that their executive management team is also paid for performance.

Re: 10 Things You Need to Tell Your Employees About This Year’s Bonus

jtramsay — Fri, 14 Nov 2008 09:22:51 -0000

Insert choice lines from National Lampoon's Christmas Vacation here.