Incentivizing your employees to reach a goal – whether it’s total sales, keeping the kitchen clean, or taking the stairs every day – doesn’t have to be hard. In fact, incentives improve employee engagement, and engaged employees improve your bottom line. Organizations with higher employee engagement have higher productivity, profits, sales, customer loyalty, and stock returns!
There is a vast amount of research on incentivizing employees, and among the things we know is that tangible benefits are more valuable to employees than cash. And the more unique or frivolous the better! Think massages, exotic foods or drinks, logoed tennis shoes, front row parking. The reward doesn’t have to be expensive. It will be compelling to employees if it’s something they wouldn’t – or can’t – buy themselves.
Content is courtesy of Transcend Technologies Group, Inc.