Welcome to the "Employee
Incentives & Resource Guide". First we LEARN how incentives
work, why these are necessary and their long-term impact on
the well being of the organization and its employees.
The second step is to ACT and correctly apply incentive
programs as they fit in your organization.
The third step is to measuring the SUCCESS. The key is
to know what works and what does not work in your organization.
The main reason why incentives work is that they make employees
feel important. Receiving something of tangible or even intangible
(like vacation incentives) values make people happy. Secondly,
it reduces tensions between the diverse group of people within
the organization: co-workers, supervisors, managers, etc. In
a way incentives dilute negativity. This is also a method of
rewarding something "Extra" to deserving employees for
some "Extra work or Extraordinary" performance. This
something "EXTRA" is magic; it works wonders.
Gift
Certificates
Awards
& Gifts
Travel
Incentives
Offer
1. Flexibility
2. Choices
3. Convenience
Offer
1. Can be very effective
2. Long-Term Impact
3. Creates bond
Offer
1. Choices
2. Memorable
3. Stress Reliever
Vendors
1. Barnes N Noble
2. Best Buy
3. Comp USA
4. JCPenny
5. Dillard
6.
Macys
7. Sears
8. Blockbuster
9. AppleBees
10. Fossil
11.
Figs.com
Vendors
1. Disney vacation
2. Week-end Gateways
3. Cruise-away
4. Golf Events
5. NFL tickets
6.
Miles4Sale
7.
Wedding
Miles
Make the
incentives work for you:
1.
Do not make
the incentive program as a part of routine giveaways,
other effectiveness is diluted. (Unless incentives are
part of game plan-Sales Quota, etc
2.
Give something
extra for; extra efforts, good performance, etc.
3.
Maintain
an element of surprise. If everyone knows that something
is coming then the level of expectation may rise (many
time too high). In that case the value of incentives
decline.
4.
Keep the
incentive program alive on a constant basis. This will
keep staff motivated and engaged.