Growing inflation and concerns of a recession aren't stifling the year-end wants of employees in construction and other industries. According to a recent article from Construction Dive, analysts say companies across industries are choosing to reward good employee performance in a tight labor market with end-of-year incentives. What remains to be seen, however, is whether those perks align with employee expectations.
Some companies across industries are sticking with standard protocol, while others are evaluating the economic climate and adjusting to compensate. But when it comes to best practices for giving out bonuses, one HR expert suggests placing the most emphasis on your highest-performing employees—they are the ones you truly need to retain and should be rewarded in recognition of their contributions to your business.
Read the full article from Construction Dive for more tips for approaching year-end bonuses at your construction company.