Incentive Programs for Employees
Too many companies are ignoring the fact that incentive programs are crucial to motivate employees, especially millennials. Contrary to previous generations’ beliefs, the job itself is not enough motivation to keep an employee at the desk. Here are a few incentive tactics to help you get started in building a successful program.
3 Incentive Tactics to Motivate Employees
1. Never underestimate the power of verbal and public recognition.
Remember that gold star chart in your kindergarten classroom? The same principle applies to motivate employees today, but with fewer stickers. Recognizing an employee publicly and verbally is an incentive tactic that will not only make your employee a star for the day, it will build self-esteem and draw acknowledgement from their peers.
2. It doesn’t have to be expensive.
Incentive tactics don’t need to be financial. In a recent survey, the majority of employees stated that a day off or the ability to work from home a few hours a week would be an incredible incentive. If you want motivate employees to stick around the office, have their favorite snacks in the break room. Giving employees what they want, like a cake on their birthday or drinks from the local coffee shop, will be appreciated.
3. We’ve all got a little fight in us.
Holding a contest in the office can bring out a great fighting spirit in employees; but be sure to make the prize worth it! Remember that the prize doesn’t have to be extravagant – sometimes people just want the glory of winning. Use incentive programs based around contests to push your all-star employees further. Games or contents don’t have to be expensive or time consuming; they just have to be motivating and personal.
Employees who believe in their company want to make it a better place. Don’t let the lack of an incentive program be what makes valued employees leave your company.What other ideas do you have to motivate employees? We’d love to hear from you!
Photo Credit: Malcolm Tredinnick
Tags: Employee, Incentives Tactics, Motivation