Cure For The Bonus Blues

When salaries are skyrocketing and you are feeling the pinch of the industry bonuses being launched down the street, take heart. There are things you can do when your firm is in a cash crunch. Just remember to do something> for your team.

Give the gift of time if you don’t have the cash. Studies show that people respond more positively to time off than they do to any other alternative rewards. If you can’t spare a day now, give them a “take one day” certificate to be used later.

If you want to show your appreciation to a great team, throw a party! What better way to get people together than with a social outing. You could even cater an in-house luncheon. Make it special and show how you are “family first” by inviting spouses. Costs can range from $25 to $60 per person.

Have a raffle. If you have vendors that you patronize throughout the year, ask for a small donation for your holiday raffle. Don’t worry. This is a common practice and most vendors (from printers to office suppliers) are happy to “donate” cash and prizes to your holiday festivities. It never hurts to ask!

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Upcoming CPE Webinars

Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
Apr 30
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.
May 1
This material focuses on the principles of accounting for non-profit organizations’ expenses. It will include discussions of functional expense categories, accounting for functional expenses and allocations of joint costs.