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Pm-clinic: The happy holiday bonus

This week in the pm-clinic discussion forum: Topic #55 – The happy holiday bonus.

Dear pm-clinic,

I’m a team lead at a small software company. My boss, the CEO, told me I have $5k in bonus money to give away this (U.S.) holiday season and that it’s up to me to figure out how to distribute it. I have a team of 5 people. I’ve never given out bonuses before: what are my alternatives? I’d like to do something performance based, but I’m on my to determine what that system is.

– How to give away money