”Turkey money” doesn’t always come in the form of banknotes

By: Trademagazin Date: 2024. 11. 29. 11:52

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Companies focus primarily on employee retention and secondarily on future motivation when determining year-end bonuses. The issue of year-end bonuses is a hot topic for all employees and employers, and the amount and form of bonuses have a significant impact not only on employee satisfaction but also on the success of employee retention.

Rewards can vary considerably from sector to sector, ranging from words of praise to paid leave to the equivalent of several months’ salary, according to a summary by Comline Budapest, one of the largest domestically founded training companies. In addition, global research also shows that it is crucial for companies that bonuses strongly support the company’s goals, whether it is about quickly acquiring the best talents or maintaining employee satisfaction.

Bonuses are a key element of employee motivation and satisfaction, especially at the end of the year, when companies want to thank employees for their hard work throughout the year and inspire them for the coming year. Bonuses serve not only as a financial reward, but also as recognition that helps retain the workforce and achieve corporate goals.