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Topic: Pay raise alternatives in an economic downturn
Messages (3) Visitors (111)cheryl03 Member since 02/14/2008 |
Pay raise alternatives in an economic downturn
06/16/2009 / 3:05 pm #1
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Annual raises are coming up again. However, we are feeling the crunch of the economy. Hours have been cut, the summer picnic cancelled, etc. However we still wish to recognize the hard work and effort put in by some employees. Does anyone have any suggestions for alternatives to raises? |
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www.masternak.com Member since 10/07/2009 |
Re: Pay raise alternatives in an economic downturn
10/07/2009 / 2:43 pm #2
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Have you given any thought to Gainsharing. Gainshairing is self funded Regards, Bob |
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1140357017844 Member since 12/31/1969 |
Re: Pay raise alternatives in an economic downturn
10/13/2009 / 3:07 am #3
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There are too many incentives like granting fthe ew hardworkiing people a paid vacation to a nearby resort for few days, flight tickets to a near by destination,which is ususally a holiday destination, you can book the tickets in the low season so it dosen't cost too much, alternativley a gift voucher or tangible gift and a certificate of appreciation, this will some times have better than money effect on the employees,, Regards, Sam |
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