Employees still respond best to cash bonuses, say CFOs

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By: Wise Marketer Staff |

Posted on February 28, 2005

Non-monetary incentives have gained great popularity as a means of rewarding employees, but financial executives still think that cash bonuses are the preferred method for recognising their employees' hard work, according to a survey by staffing agency Accountemps.

In the survey, 46% of chief financial officers (CFOs) cited cash bonuses being as the most effective way to acknowledge a job well done.

The CFOs were asked: "Which of the following do you feel is most effective in rewarding your team after major projects?" Their responses were as follows: