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Many employers are beginning to recognise the impact that rewarding employees can have not only on productivity but also staff retention rates and employee brand.
But while thanking employees in a tangible way in the first place is a definite start, the truth is that the impact rewards and bonuses can have on factors such as these within the workforce is heavily influenced by the way in which they are implemented.
As experts in reward and engagement – both in the workplace and outside of it – we have used a survey of 1,002 UK employees across a wide range of industries and business sizes, to analyse how rewards and bonuses can be tailored to have maximum impact.
Read the full report to find out how bonuses are used in the modern workplace.