I want to implement an incentive for a staff
Looking for a good incentive program for staff accountants
Answers
Sounds like they are working above their pay grade or doing the work of more than one job description. Probably needs a base pay increase. Bonuses are for above and beyond.
Is the staff accountant doing more work, or doing more difficult/advanced tasks? If the latter, then perhaps they could be promoted to senior accountant with an increase in base pay.
If you are looking for incentives, those vary with the individual. You need to understand what motivates each person on your team. Some like money (but not everyone), some like public recognition i.e. accountant of the month (others hate it), some like time off. Some just like a "thank-you" and a good performance review. It is hard to get a "one incentive fits all" solution. A more difficult task in my experience is measuring that over-performance and setting the goals for achieving the "incentive".
Good luck
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Human Capital