Bonuses in Bad times

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Bonuses in Bad Times
Most companies’ employees always look forward to the bonuses every year. This is one of the methods used to encourage employees to work better and harder (Beyersdorfer et al. 154). However, in some situations, the company may have difficulties to fulfill such especially when there is an economic crisis. This paper aims at discussing if Superado should give its employees a bonus in that year considering its situation and the basic management planning process.
The CEO should give the employees a bonus considering the resources held by the company and the factoring of bonus in the budget of the supermarket. The amount from the supermarket may be low but for the employees to work hard due to the competitive market in which it operates, however motivation to workers is paramount (Kerzna, 2017). Also, the bonus will act as a retention strategy by preventing the employees from working for the competitors. In addition to that, the CEO has to come up with the goals and prioritize them effectively (Beyersdorfer et al. 156). Then each employee is given a task to to have better sales in the future. However, the employees may not perform their task as expected if they do not receive bonuses and may approach the competitors’ to get a job opportunity and some bonuses, which may be a threat to Superado supermarket.
The CEO together with the team should show willingness in evaluating all methods that have enabled the supermarket to realize an increase in sales hence enhancing successful operations (Kerzna, 2017).

After the evaluation, the team should come up with the course of action or plans that should be implemented. These plans will help the company remain competitive and increase its sales by utilizing the output from its workforce. The dedication of employees at this point is paramount since they play an essential role in steering business success.
In conclusion, employees from all fields need to be motivated by some token of appreciation like gifts and bonuses every year. The bonuses are established to add morale, motivation, and loyalty to the workers. Besides, it is also used as a retention strategy as employees work towards attaining the set objectives and goals of the supermarket.
Work cited
Beyersdorfer, Daniela, Vincent Dessain, and Zeynep Ton. “Bonuses in Bad Times.” Harvard Business Review 90.7/8 (2012): 153-157.
Kerzner, Harold, and Harold R. Kerzner. Project management: a systems approach to planning, scheduling, and controlling. John Wiley & Sons, 2017.