Enjoying Employee Incentive Programs

By: Salvador Paez

To keep the office morale and company production at a high level, more companies are employing a technique called incentive programs. This latest tactic rewards outstanding employees for their hard work and production. An incentive program also spurs those who didn't win to work hard in order to compete for the reward. In the end, the strategy benefits the company because everyone is exerting their best efforts every day.

Employee incentive programs gives employees something to look forward to as a result of exemplary office performance, be it in the area of employee attendance (i.e. free of absences or tardiness in the past month or during the last six months), sales (i.e. meeting the quota consistently or surpassing a sales mark consistently in a span of time) or even in little things like cleanliness in the workspace and office courtesy.

The rewards given to the winner come in different shapes and forms. It all depends on the resources the company is willing to shell out. Some companies give their best and most efficient employee with very generous items, such as cash, free vacation trip or a car. Other companies financially-strapped offices give away more modest items, such as meal stubs, coffee mugs and company shirts.

Employee incentive programs are usually designed by the HR department alongside key operations and management personnel applying pre-determined schemes and modes of measuring areas where incentive is suitable. In some cases, though, the management allows the employees to make suggestions on what type of incentive would be offered to them. This is a sign of goodwill and shows that the employee incentive program is indeed designed as a reward to employees, something that the employees would either find useful or appreciated.

Though money is a common form of employee incentive, team rewards are different. Many companies prefer compensating a group of employees in non-monetary form, such as group dinners, bowling nights or parties. Anything would work as long as the everyone in the group has a good time.

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