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With the credit crunch putting pressure on us all it seems that everyone is in need of a bit more money. By implementing employee rewards and incentives you can increase the productivity of your company and generate more revenue. Many people are put off by the prospect of implementing such a program as they feel that it will be a drain on time and resources when in actual fact, more often than not, the pros will outweigh the cons as a little recognition and appraisal can go a long way. Furthermore, these schemes don’t always have to be expensive. Flexible hours are one free reward that out shines the rest when it comes to mass appeal. Everyone wants time and it is an extremely cost efficient incentive. It offers the most gain with the least pain. Creating a pleasant and enjoyable work environment will also help boost employees morale, this in turn makes for a more productive and efficient workforce. This can be achieved by something as simple as a weekly event, such as dressed down Friday. If an employee has excelled then recognition is more effective when it’s personal. Sending a hand written note could do this, but employers should not have their secretaries write such notes as it is less meaningful. Personally writing a note will allow a rapport to be established, something that is important if you wish to gain your employees’ respect. Recognition is an important factor in motivating workers; it pushes for a more positive atmosphere which furthers performance. Even if their ideas fail, employees will continue producing them provided you recognise their efforts. Allowing employees to have a few free days off in return for increased work will help establish a healthy relationship. They don’t have to phone in and pretend to be sick and will be more inclined to be productive when they are working. Allowing your best employees to pick what projects they are involved in will empower and reward them simultaneously. Also, simply providing your best employees with a decent parking spot can be extremely effective. Another effective option would be to create a system whereby credits can be earned and used for different prizes, such as a group day out, a team meal, individual gift vouchers and much more. Though this incentive scheme isn’t completely free it has seen success in many businesses before and could be exactly what you need to help with motivating your employees while at work. Why not try implementing employee benefits and staff incentives and rewards in your workplace?
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