WEDNESDAY, MARCH 21, 2007
FAST COMPANY IN THE NEWS: The Wall Street Journal, March 19, 2007
Where Employees Praise Each Other With Cash
For human-resources experts trying to come up with simple ways for employees to give each other kudos, Kimley-Horn & Associates Inc. has a simple suggestion. Use money. Employees at the civil-engineering company can deliver a $50 bonus (plus $5 to cover taxes) to any other employee they think deserved it, reports Alex C. Pasquariello in Fast Company. They download a form, explain why the recipient deserves the $50, and preferably hand it to the recipient personally. The recipient gets the money from payroll within minutes and management has no veto power. Last year, the company, which has about 2,300 employees, awarded 6,174 bonuses.
