End-of-Year Bonuses; Some Parting Words
As the end-of-year bonus season approaches, remember the words of Thomas Gilbert, who said,
Money is a beautifully honed instrument for recognizing and creating worthy performance. It is the principal tool for supplying incentives for competence and therefore deserves great respect. Any frivolous use of money weakens its power to promote human capital - the true wealth of nations.
I have written in-depth recently on the subject in this blog so for more go to What was Google thinking?! (post about the surprise $1,000 cash bonus and 10% raise) and in an article for the Harvard Business Review Blog, How to Navigate Bonus Season.