Business Motivation

Small Rewards Thrive During Lean Times

According to a recent article in the Wall Street Journal, “Rewards for Extra Work Come Cheap in Lean Times,” companies are putting a greater focus on low-cost incentives such as thank-you notes and gift cards. With pay increases small, and bonus dollars tight, the article said, companies such as Ford, Sanofi SA and Rockwell Collins are putting more emphasis on one-to-one communication with employees in order to help keep up spirits as layoffs increase the workload for those who remain, as well as to encourage team members to do more to help increase sales.

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