Bill Sims   reward and recognition   home email us Many Employers Seek to Replace Cash Bonuses With Other Work Incentives The Wall Street Journal April 3, 2000 Many employers seek to replace cash bonuses with other work incentives. Merchandise and travel awards are more memorable with employees, officials say. Diebold Inc, Canon OH, which makes automated teller machines, recently scrapped cash for sales people as lacking trophy value, says Jerry Bryan, marketing services manager. "Recipients tend to spend their cash incentives on routine expenses such as house payments or braces for their children", says the Society of Incentive and Travel Executives. When American Express Incentive Services polled 1,101 workers, 29% said they used their cash rewards to pay bills and 18% couldn't remember what they did with the money. MasterCard International, has replaced cash bonuses for its employees with hotel, show-ticket, and other gifts. A customer-service rep for American Century Cos., a Kansas City, MO, mutual fund firm, refused to work on Y2k problems over New Year's after learning that $250-a-day bonuses were pretax, not after tax. Whether you're considering a recognition for the first time or you need to revamp an exisiting program--we can help take your process to the next level. Since each solution is custom built for you, the easiest way to start is a free 10 minute needs assessment.. Click here to schedule a free needs assessment    or    Order our Free DVD Now For More Info, Order Our FREE Information Kit

Do you need to improve morale, reduce injuries & work comp costs, boost sales, or motivate your employees to turn in more money saving bright ideas? Are your absenteeism, healthcare costs and turnover spiraling out of control? Our solutions deliver the results you need fast.... For over 40 years, The Bill Sims Company, Inc. has offered employee motivation and recognition programs that have helped large and small firms like yours not waste valuable clock time or money. We provide your business with more than 50 years of employee recognition, motivation and appreciation experience that will help you develop an employee appreciation, employee recognition reward and employee suggestion programs you need to inspire better employee performance, meaningful morale, sales incentive results and bottom-line profits. With employee motivation and morale improvement, you will have sales and performance improvement as well. Through our employee appreciation, recognition reward and employee suggestion programs, your company will continue to improve in employee performance, meaningful morale, sales incentive results and bottom-line profits. We also offer behavior change programs that will make your work place a safer place for your employees. One client invested $20,000 and achieved $1.3 Million in savings in 9 months alone. Order our free DVD to learn more.