I've found at my current job, our bonus structure does little to motivate our employees to actually meet or out-perform the goals that are being set for them.
In general, the employees are very satisfied with the amount of pay that they receive. As a result of this, the goals that the organization is setting for receiving bonuses - currently valued at anywhere from 1-10% of salary for that quarter based on percentage of goals met - make little difference to them for the amount of effort it requires to achieve them (Essentially working an additional 10-15% to meet all of them).
I personally am of the attitude that I could care less whether or not I receive this bonus, and have found I'm only interested in when such a bonus would actually be paid out when I'm told I will be receiving one.
I think I'd be much more motivated if the bonus could be something non-monetary; For example, additional vacation days. Currently, we have a terrible vacation policy where all employees only have about 12 days of combined PTO (Sick time and vacation time combined) until they've had 3 years seniority, at which point it's increased a bit.
This is something that's much more important to me, as the work-life balance here isn't great and I'd love to be able to take more time off.
My question then, is the following:
Can an employer pay employees a bonus in PTO / Vacation time, instead of money?
I'm not asking if this is something an employer would / could do as a standard policy for everyone, but more along the lines of "If I were to ask an employer for this, is it something they could reasonably do?"