Recession has brought in vogue many new words and phrases in the day to day world of workplace activities. Some such words and phrases are ‘toxic assets’,’ subprime mortgages’,’ cash for clunkers’ and, ‘zero bonuses’. In this article we will discuss about zero bonuses and how rewarding people with cashless bonuses help in team management.
Zero Bonus- An idea
Zero bonuses, as the term suggests, is no bonus at all. However, there is inkling that companies have not forfeited the idea of paying bonus completely. Employees are made to feel that at some point in future, they will receive bonus which will have some value. Bonuses depend on the performance of companies. But, if a company does not have enough profits, it cannot give bonus to its employees.