Employee Incentive Program
company either big or small business has their own building blocks for
employees’ motivation. By increasing the productivity of their firm, workforce
and manpower were increased through the incentives that they offer to their
employee. This can be in cash or non-cash form in order to recognize or reward
their employee for their hard work and quality performance. Logically speaking,
the extra effort that the employees exert to get an incentive is a great
benefit for the company to increase their sales and marketing productivity.
order for the companies and businesses to encourage and promote positive
attitude and behaviors of their employees towards work is through the so calledincentive
program. This program or plan is used to increase the overall
performance of the employees, thus uplifting the company to produce greater
sales and quality work. This is also a great tool to boost the morale and
performance of the employee.
company and business owner that offers great and beneficial compensation/incentives
has the greater chance to retain their employees. Moreover, every employee
would rather prefer to choose a company that offers good incentive for them,
thus increasing employees’ retention rates. Remember that one of the valuable
assets off every business is their employees so it is very essential to have an
incentive program which can create positive effects from both employer and
of the parameters or benchmarks in determining employee’s performance are
attendance, participation, product or service quality, compliance, teamwork,
productivity, referrals, customer service, and measurable behavior or activity.
By the help of employee incentive program, any business can make the most out
of their people by offering incentives to them. Sometimes it is a big challenge
for the employer to motivate their employee. Then if you own a business how
would you find way to create good employee incentive program and how would you
plan it out?
a great incentive program can be tough. It is somewhat a combination of skills,
attitude, knowledge and abilities. An outstanding incentive program should be
well-designed. Here are some steps on how to create a good incentive program:
1. Set your Goals. Setting your goal should be
specific. It is like setting your “targets” high. Example, you wanted to
improve customer service or increase your company’s sales and productivity.
Then you should be able select some ideas on how you would improve such and
what incentive will you offer in order to achieve this goals.
2. Measuring the goals achievement. You may use
different parameters or metrics to measure if the goals you set were achieved.
You can use customer satisfaction ratings, level of production and such.
3. Promoting the program. Decide on what strategy
to use on how you will get employees excited about the program and how to keep
the enthusiasm in them along the way. Deciding on how you would promote the
program needs to make your people interested and motivated to achieve the goal.
4. Decide on what to reward. There are many
incentives to choose from and you can offer either in a monetary form like
bonuses and salary increase or non-cash incentive form like travel tickets or
electronics and digital devices. A reward which will somehow arouse everyone to
achieve your goals.
5. Set a deadline or timeframe. Set a deadline for
your goal so that they will be persistent to have the goal done. This will help
you great in getting the target in the proper direction.
6. Keep the enthusiasm. Get the employees excited
about the program. Let people know the achievements of others. This is for
others to keep inspired in performing their jobs.
of any companies depends on their people and their performance. That’s why
designing a good incentive program depends on how you plan your program. It is
very essential in keeping the productivity of your business and as well as
putting your business on the right direction towards success. Good incentive
program provides excellence to both employer and employees and especially to
the organization. Good Employee incentive companies typically charge a fee to utilize
their benefits. There are some benefit programs that do not charge feeds
however the quality of the incentive may lack in performance. Companies like
Hotels Etc. offer you the opportunity to supply your employees with the deepest
travel and entertainment rates on the net. These types of incentives ensure you
that your employees are going to take a vacation because it is affordable. Some
of the incentives include 8 day vacations for as low as $99 plus tax. This type
of incentives is what everyone wants, needs and desires. Visit Hotels Etc. to
learn more about their employee
incentive program options.