Did you know that incentives, when used correctly, make workers feel valued? In fact, a study by a UK recruitment firm found that 85% of surveyed employees felt motivated to perform better when they were incentivised with rewards.
If you’re thinking about an incentive programme, it should be designed around the types of behaviours you want to reward and encourage in your business, providing a way for management and colleagues to acknowledge each other's successes and efforts. Your scheme should focus on ways to encourage positive outcomes and above-and-beyond actions from your employees – that's the behaviour you should be looking to give high fives out for.
To outline what these behaviours should look like, your core values are the best place to start. By identifying the behaviours that reflect the values you want to encourage within your business, both managers, colleagues and individuals will have a clear understanding of what is expected of them, and what should be rewarded.
So, if you're looking for some fresh ideas on how you can incentivise your employees and get measurable ROI, click here.
