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5 Ways To Create Successful Employee Incentive Programs
One good reason why employee incentives sometimes prove to be ineffective for companies is because of the mistaken belief of employers that everything begins and ends with the employees. In truth, employee incentive programs can only be successful if you incorporate, integrate, and relate it with everything that makes up your company.
Make Your Company Goals and Mission-Vision Employee Centric
Once you’ve made the necessary corrections, take the time to explain the changes you’ve made to your employees. Make sure that they understand the need for cooperation and harmony. Lastly, emphasize the give and take relationship between the company and the employees.
Make the Financial Incentives Sound as Exciting as Possible
Be Fair and Realistic with What You Want to Get
When deciding on the goals for your employee incentive programs, make sure that they adhere to two important conditions. Firstly, they must fair to your employees. Don’t ask them to do something that – although achievable – might compromise their values and principles. Don’t take advantage of your employees if you become aware that they’re at desperate straits and liable to do anything for the incentive you’re offering.
Secondly, they must be realistic. Don’t give out rewards that are obviously unattainable because you’ve attached impossible goals to them. Don’t dangle incentives in your employees’ noses if you don’t mean to give them out in the first place. Consider time constraints as well. Are you giving them enough time to complete the task at hand? What about the required resources? Do all your employees have equal access to the necessary resources?
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