• Budgeting for Bonuses: Should Business Owners Award Annual Performance Perks?

  • Dec 18 2024
  • Length: 16 mins
  • Podcast

Budgeting for Bonuses: Should Business Owners Award Annual Performance Perks?

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  • Summary

  • Every business is different when it comes to its system of employee compensation, and bonus programs can be especially controversial. For restaurant owners, it can be especially tough to determine if and/or how to award performance incentives. Join Nick, Nikos, and George to determine

    • Should every employee get a bonus, or should it be based on performance?
    • What alternatives are there to cash bonuses for employees?
    • Do employers set an expectation of annual bonuses if they award them once?
    • If you’re awarding bonuses, how do you determine how much to give each employee?
    • Can bonuses backfire, even when intended to show employee appreciation?

    #bonus #performancebonus #employment #employeeperks #workperks #restaurantpunk #kararestaurantgroup #reviews #tripadvisor #yelp #hospitalitycareers #kitchenjobs #chef #restaurantlife #restaurantjobs #appleturnovers #christmasparty #christmascookies #podcast
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