FINANCE
WHEN IT COMES to rewarding employees for their good , hard work and commitment to their company , what is the best way to go ? There are not many people who would turn down a cash bonus during the holidays or after completing a particularly arduous project . But as it turns out , the modern business person , from the millennial right out of university up to those who have been working for decades , may be looking for something a little more intrinsically rewarding .
Ricky Nowak , a repeat contributor to Business Review Australia , has been working in leadership skills training for over 20 years . She holds many titles , including executive coach for the Australian Institute of Company Directors , International Coaching Federation Member and Certified Speaking Professional ( CSP ) - National Speakers Association of Australia . With a client list that includes several top Australian universities , leading financial institutions like ANZ Bank , CBA and NAB and several other companies in as many different industries , Nowak is more than qualified to advise on employee remuneration .
Read on to see why she thinks a strong training system , enabling
There are not many people who woul rewarding way to acknowledge the h
employees and showing them they matter to the company may be the best bonus system you could offer .
Intrinsic Or Extrinsic Bonus ?
Let ’ s not kid ourselves . When it comes to getting more ( money that is ), most people are delighted to receive an extra bonus , an unexpected financial windfall or be rewarded financially for work they do or the contribution they make .
8 December 2014