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The Careerologist

When the going gets tough, bonuses get employees going

Appreciation bonuses, such as those being paid out by Daimler, are a good way for companies to show that their employees matter — especially in lean years

When the going gets tough, bonuses get employees going

How do companies keep up employee morale when profits are plunging? One of the quickest ways is to hand out a special bonus.

That is what happened last week when German carmaker Daimler said around 130,000 workers would receive a one-off “appreciation” bonus of €500. The payout comes on top of Daimler’s existing profit-sharing programme, which has been in place for more than two decades.

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