Ever wonder how to keep your employees truly invested in their work? That’s where employee engagement comes in. It’s not enough for your workers to simply show up; you want to foster dedication, enthusiasm, and a genuine desire to contribute to the company’s success. Highly engaged employees are more productive, provide better customer service, and are less likely to leave. This guide explores the power of rewards and incentive programs for employees, examining how well-designed programs can result in a happier and more productive workforce. The “Before” and “After” of Employee Motivation: Incentives vs. Rewards Incentive programs for employees are instrumental in motivating desired actions beforehand. Think bonuses for exceeding sales goals. Reward programs for employees give a pat on the back afterward, recognizing achievements. Employee-of-the-month awards fall here. The key to engagement? Use both! Offer goals to strive for with the promise of rewards upon reaching them. This fuels a continuous cycle of motivation and appreciation. Why Invest in Rewards and Incentives for Employees? Happy employees are productive employees! Investing in a well-designed incentive and rewards program reaps significant benefits for your company. Here’s how: Finding ways to recognize employees honors the people whose creativity and diligence propel your […]
Category: Performance Incentive
Reward Your Employees with an Employee Recognition Program
Employee recognition programs are not just nice to have; they’re essential for any business. Not only is recognizing your employees’ contributions the right thing to do, but it’s also a business imperative. Across the country, employers are struggling to create workplaces where employees feel engaged with their work across the country. Just 32% of employees in the U.S. say they’re engaged with their work. Far worse, 18% of employees are actively disengaged with their work. And too often, this apathy emerges from a workplace culture in which employees feel as though their employer sees them as interchangeable. If companies do not act promptly to establish comprehensive employee recognition systems, they will pay a steep price. Employees who feel that their work is going unappreciated will flee for greener pastures where companies offer employee recognition programs that offer more than a mere pittance, and recruiting, hiring, and onboarding costs for your business will spiral. Those who remain will feel increasingly isolated, and their performance will decline precipitously. And customer service will deteriorate as apathetic employees struggle to see why they should go above and beyond at work. Your company needs to invest in programming that shows your employees every day that they are appreciated […]
