Despite lean budgets for many businesses today, cash bonuses continue to be the leading incentive for recognizing employee performance, according to a survey of CFOs.
Forty-six percent of the 1,400 CFOs surveyed by staffing company Accountemps cited bonuses as the most effective way to acknowledge a job well done by the accounting team after a major project. CFOs cited time off as the second most effective way to reward accounting teams.
In third place was a departmental lunch or social gathering, cited by 15 percent of the CFOs surveyed, followed by tickets to sporting or entertainment events, cited by 4 percent of the CFOs. However, 12 percent of the CFOs surveyed said they do not reward their accounting team after a major project.
