Employee Incentives - A Human Resource Tool

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The current recession has put a damper on corporate hiring and has placed increased productivity demands on existing employees. Workers need ongoing training, information technology updates, and the latest high tech equipment to enhance their output. Beyond the tools that every competitive business provides, morale is a potent productivity tool. As employees nerves are stretched thinner in a work place that extracts more work from fewer workers, employee morale is vital.

Management specialists use the term "pay for performance". Rewarding an employee for increased productivity is the goal. This is done by giving the employee more control over their income, more on-the-job responsibility, and more ownership over their job. Before thinking about the actual incentives, the employees must understand what is expected of them, how their performance will be measured, and how incremental productivity will be rewarded. Once the duties and metrics have been defined, management has to be sure that the employee is not hindered by barriers that are beyond the workers' control.

Every organization should have group meetings with employees to identify the obstructions that the management has overlooked and find ways to remove them. Feedback from people in the various departments is crucial for improving output. Once management has paved the way for improving morale, a reward system is required. Of course, monetary remuneration is the linchpin of all reward models. However, management studies and life experience show that not all high paid employees are worth their compensation. Money is an important ingredient, but not the only essential one to put in the mix.

When management feels that a given worker has achieved maximum pay, the first additional reward they should consider is flex-time. A free extra paid day off will put a smile on any employee's face. Allowing some telecommuting where appropriate is deeply appreciated, and confirms your trust in that person. Letting the worker adjust his work schedule is another incentive that says "you're a valued employee."

Many large corporations have embraced the attitude that education pays. They offer a tuition reimbursement program - an employee takes job related courses at night or on weekends. This can improve their self image and your bottom line. The employees see that by you investing in them. A similar philosophy is creating opportunities for your workers to get away. Send them to a trade show, convention or seminar to Las Vegas, New Orleans, or Orlando. Let them combine some business with pleasure. Often that change of routine and scenery gets them fired up.

Tickets to sporting events, concerts, or spa days for the women are an attention grabber. Honor your star workers with a wall of fame at a central spot in the workplace. Post your employee of the month on the wall, or team members that have exceeded their sales or production goals. Other employees should know who the hard workers are. So don't get stuck on gold watches, engraved pens or plaques. Get creative with your employee incentives. Give them something of value that lets them know you're aware and appreciative of their efforts.

 

 

 

The author of this article is a writer for CorporateSnobs.com, a great place to find hundreds of incentive items and promotional incentive gifts. Find more great articles and ideas for promotional products with just one click away.

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