Bonuses or new equipment?

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.

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