INCENTIVE PROGRAMS |employee motivation program|corporate incentive program|corporate incentive gifts|employee recognition idea Top Ideas for practical incentive programsHiring employees is hard enough and drains us of our money, should we even consider those inventive programs for them? “Seems to be the common refrain the CEOs or hiring managers of many companies dole out by the dozen, when asked. But then, they could be totally wrong. You did spend money to hire them, but if you don’t spend this little extra now for various incentive programs, you are bound to lose them. If one thinks of it all as a full package and a net amount of money that goes into nurturing talent within a company, it wouldn’t turn out to be much when you compare that with you would incur if you had to go looking for employees again. So what different incentive programs can you put in place for your company? Here are a few ideas: 1. Sale Incentive Programs: Your sales staff and then all the other employees in your organization are potential customers and sales people all rolled into one. If you set up an effective sales incentive program and scale it to match the organization size, you would look at a program that is immediately measurable and effective. An incentive for the effort it takes to make that sale or bring in a referral is an amazing motivation for most employees. 2. Excellence recognition programs: Employees crave for recognition and appreciation more than the monetary rewards. They crave for that one thunderous applause or the pat on their back. If there could be a way for you implement a consistent and well-planned excellence recognition program which reflects and recognizes their excellence in getting something done (no matter what it is!). You have given them what they wanted the most. 3. Reward and recognition Programs: Multinational Companies boast of their initiatives for making their companies better places to work in. Reward and Recognition programs work just like excellence recognition programs but are mostly result oriented and might not be task oriented like the former. 4. Motivational Programs: An organization would come to realize that the employees’ morale takes a beating for some reason or the other and it is important to pep them up or make them feel that are indeed indisputably important for the company. For this reason alone, you might want to initiate a interesting talks or arrange to have a professional speaker to come and address them to urge them or to motivate them. 5. Learning and education: Skills are every important for employees to sustain themselves against the rapidly changing tide of transferable skills and to help them do their jobs better. Learning and Development is a major aspect of many a company’s strategy to improve loyalty of the employees and to ensure that their employees are the very best when it comes to knowledge and its implementation. Incentive programs are not to be an afterthought. They have to be a necessary tool aligned with the company’s overall growth plan. Without loyal, efficient and good people, no company can stand its ground against the mighty tide of competition. |
