Is It Time For Your Company to Have An Incentive Program?

Is there stillness in your office? Are your employees not satisfied any longer with the way that you are managing the place?

Good managers know from their own observations that employee attitude affects their work and eventually the company’s productivity. When your employees have a happy and healthy attitude the company will be able to reap the many benefits, through the constant flow of good business, as well as higher profits. But what if the employees are actually not happy with the way management is handling the company? Is your company already headed towards a downward spiral?

Nevertheless, it is certainly never too late for the company to turn things around by implementing new rules and regulations that are employee friendly. It may be time for an incentive program is put into action. Consider the doing the following for your employees:

1. Don’t make your incentive program overly competitive It is crucial that your incentive program actually inspires and motivates your employees to work efficiently and not just be competing with each other. Healthy competition among the company’s employees is good, but too much of it may also cause the company to split. A certain level of camaraderie is needed.  It is important to have a harmonious working environment that is favorable to working efficiently and productively.

2. Clearly Define Your Goals When it comes to creating the right kind of employee incentive program for the company, the management should be able to set some goals concerning the program. This way, the management will have a clear view of what they really want this employee incentive program to do, and gauge whether or not it actually worked. The company should still be very much hands-on with the whole employee incentive program to ensure that the outcome will be good.

  • Goals must be reasonable! Don’t expect the program to result in a major increase in profits, and don’t expect the results to appear right away
  • Provide ways for employees to provide highly creative ideas
  • Encourage a good working environment. A clean, fresh environment will motivate employees
  • Set up a review committee that is qualified to judge the results of the program. This is perhaps more important than the program itself
  • Ensure that appropriate recognition must be given to employees who share the most noteworthy suggestions

3. Let Employees Provide Suggestions Easily It is best that when you are starting an employee incentive program that you set a strict set of rules that will be clear to each and every one of the company’s employees starting. But allow your employees to make suggestions freely. But also consider the following:

  • Who is eligible to join the employee incentive program?
  • When it comes to an eligible suggestion, what should employees take at heart?
  • Any suggestion no matter how farfetched should be allowed (as long as they are not vulgar or offensive)

Make sure you take into consideration your organizational goals and make sure that your incentive program helps in reaching those goals.

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