Don't know which one is the best, but what I know is don't pay bonuses on a yearly bases, pay them maybe quarterly and with a bit of randomness. So If you have 10k for bonuses maybe do Q1 2.5k Q2 0k Q3 5k Q4 2.5 or something. ...
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1. Motivation from bonus fades with time, much quicker then a year, and it doesn't scale with amount 2. w/o randomness people will expect the bonus and when they don't get it it's extremely demotivating
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