The goal of employee incentives is to reward superior performance in the workplace.
Rewards are not created equal. They can take any shape, from paid vacations, extra wages to an occasional lunch or party.
Developing a reward system for employee incentives should reflect the individuality and diversity of top performers.
The whole point is to provide employees a sense of performance ownership. When hard work results in more money to the company, employees are entitled to share in profits and deserve to gain official recognition for their efforts.
Yes, employee incentives should be celebrated! They set an example to all employees, so they learn how the company rewards high performance. Workers—when seeing the company’s appreciation in tangible ways—will feel he or she is working for reasons beyond just for the good of management. The result is a happier, more diligent work force.
Incentives are one of the most powerful forces within an organization. Continue reading “Not All Rewards Are Equal: Creative Employee Incentives”