With the economy loosening up, you may find yourself asking questions you haven’t had to ask in quite a while. For example, you may ask yourself, “Should I buy new equipment or give my employees a bonus?”
Choosing either answer would reasonable, given that both essentially invest in your business – one in your workers directly and the other in the tools they use. But making that decision is more complicated than we’d like to think.
In the article, “Should I Give My Employees a Bonus – or Buy a Sander,” you’ll find guidance on just how to tackle such a question, taking into account:
- employee morale
- pros and cons of gifts versus cash
- how to incentivize a bonus.
If you’re trying to decide what to do with extra company cash flow, click here and read the article.