Offering spot bonuses is an approach to - SHRM-CP Practice Questions
Question
Offering spot bonuses is an approach to:
Answers
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correct
Explanation
The correct answer is Recognition. Spot bonuses are a form of recognition that involves giving employees immediate, often unexpected, financial rewards for exceptional performance or achievements. This approach falls under the broader category of employee recognition programs. Unlike traditional performance management systems that may involve annual reviews and structured bonus plans, spot bonuses are typically given on the spot (hence the name) to acknowledge specific contributions or behaviors that align with company values or goals. They are designed to provide timely recognition, boost morale, and reinforce positive behaviors. While spot bonuses can complement performance management strategies, they are primarily a tool for recognition, offering a quick and tangible way to show appreciation for an employee's efforts or accomplishments.
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