Year-end bonuses can boost morale and retention, but only when they’re delivered thoughtfully. Claudia St. John, Founder and CEO of The Workplace Advisors, shares five tips for employers: be clear about what you’re rewarding, stay consistent and fair, understand discretionary vs. non-discretionary incentives, know the tax impact on employees, and manage expectations based on past practice.
The Workplace Advisors is a national HR consulting firm with deep expertise in compensation strategy, incentive and bonus plan design, and total rewards. Whether you’re closing out this year or setting up programs for the next, our compensation team can help you build incentives that motivate your people and align with your business goals.
Talk with our compensation team: hello@theworkplaceadvisors.com
Connect with us!
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E-mail:
claudia@theworkplaceadvisors.com
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Website:
http://www.theworkplaceadvisors.com
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LinkedIn:
https://www.linkedin.com/in/claudiastjohn/
https://www.linkedin.com/company/theworkplaceadvisors
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