What are employee recognition and incentives?
What are employee recognition and incentives?
The most important asset to any company is its people, better known as employees. By now, everyone knows that happy employees produce the best results and in turn result in happy customers and clients.
The most important asset to any company is its people, better known as employees. By now, everyone knows that happy employees produce the best results and in turn result in happy customers and clients.
Reward incentives are used to promote a particular behaviour, boost moral or increase performance; that which is necessary for the organisation’s continued success. Incentive programmes can vary between on the spot rewards, long service awards, sales incentives, performance incentives and social recognition programmes.
A customised incentive employee programme is developed to assist supervisors to build a culture of recognition by incorporating specific criteria and activities into their management practices. In addition, a peer-to-peer nomination programme can be used to encourage employees to recognise their colleagues and uptake great workmanship characteristics from one another.
Reward options are limitless and may include products, weekends away, relaxing spa treatments, once in a life time experiences and items such as gift cards, to name but a few.
It is imperative that each company, no matter their size, put in the effort to appreciate each and every individual in the organisation. There are great benefits to be received from merely recognising your employees, such as; increased productivity, staff retention, increased teamwork and attracting great potential employees.