| The old school approach believed that money, | | | | wisely...make sure that you give a disproportionate |
| above all, is the best way to motivate employees. | | | | share to employees who've contributed to |
| However due to faltering revenue or other | | | | whatever success you've achieved...Start a |
| causes, no executive or employee would receive | | | | recognition program that gives spot bonuses |
| a bonus this year. Given the fact that an | | | | based on performance. It's a low-cost way to |
| unmotivated employee impacts your company | | | | reward employees and allows you to be selective |
| more than you may realize, how will you | | | | in granting awards." -LAURA SEJEN, Global |
| strategize to save both the company and your | | | | director, strategic awards of Watson Wyatt, HR |
| people? Mina Kimes of Fortune solicits the ideas of | | | | consultancy |
| three top business leaders. "Sometimes you need | | | | "Before you cut bonuses, see if you can make |
| to [rescind bonuses]...The alternative to cutting | | | | cuts elsewhere...[If you really have to cut back] |
| bonuses is laying off people. We won't do | | | | tell them via every means possible. First, look |
| that...The brokerage business isn'y great now, so | | | | employees in the eye and tell them. They might |
| I've been asking managers to simply tell folks that | | | | not fully absorb the changes, so you need to |
| they're appreciated. We do little things like add | | | | follow-up in writing. And then third, make sure to |
| casual days. We hired the Ringling Bros. circus to | | | | give employees a forum to ask you questions |
| perform for our associates. -JIM WEDDLE, CEO | | | | about the changes." -PAUL AMOS II, President |
| and managing partner of Edward Jones | | | | and COO of Aflac |
| "...If there's less to go around, you should spend it | | | | Check the Fortune Magazine for the full article. |