ACME Global routinely gives employees bonuses at the end of every quarter. However, lately their staff has not been as productive—even after receiving bonuses. How can ACME use bonuses more effectively?
a) Create competition: Set specific and measurable goals for employees to strive towards.
b) Note salaries: Ensure that salary levels are commensurate with industry standards and adequately compensate employees for their work.
c) Provide incentives: Offer additional rewards or incentives tied to performance metrics beyond just quarterly bonuses.
d) Foster collaboration: Encourage teamwork and collaboration among employees to achieve collective goals and increase overall productivity.