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The Value of Employee Incentive Programs by Cleo Gib





The Value of Employee Incentive Programs by
Article Posted: 08/04/2011
Article Views: 103
Articles Written: 12921
Word Count: 330
Article Votes: 0
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The Value of Employee Incentive Programs


 
Business
A happy worker is a productive worker. This statement is true, though in today’s economy it is difficult for a company to provide the needed financial incentive to keep workers happy and yet still run effectively as a company. People are being paid less, they are being asked to contribute more, and they are under constant threat of losing what little they have.

There are no real solutions to this issue, but there are things than can help a business owner build loyalty and employee appreciation throughout the business. Aside from verbal communication and praise, employers can give token gifts of appreciation to their best employees through means of employee incentive programs.

These programs are utilized in order to provide much needed positive recognition and psychological satisfaction through earned rewards that are seen as an addition to income. Often it is the thought that counts. If an employee is given a few tickets to a sporting event or a gift certificate to a restaurant and movie theater, the positive effect generated within the individual is often far greater than the expense incurred by the employer. People really do want to feel appreciated.

Other reward systems can include travel awards, paid time off, or visual incentives like plaques or desk ornaments. Some companies offer a company retreat or use of company facilities for individual and family enjoyment.

Any way to make a person feel like they are doing a good job will give that person more pride in their work and more incentive to continue working well instead of looking for a new job. This can only benefit the company in the long run. Until the economy picks up and a person can be given the raise they are due, a little can go a long way.

Cascadia Motivation Inc. is a employee incentive programs full service performance improvement firm, leading our industry in client success, relationship building, loyalty marketing, event and conference design and incentive travel. (www.cascadiamotivation.com)

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