Proper care is needed when determining the type of employee incentives to offer at your organization. A business can run into trouble if they introduce incentive programs with pitfalls or traps. Here are two possible traps to be aware of when considering an incentive or employee recognition program.
Contests: Incentive programs that use contests often reward only the top performers. This leaves the remainder of the employees that worked towards a goal without a reward. You will find prizes for top performers do little for other employees that may have worked extra hard to increase their performance. The best way to introduce a contest is to offer a reward to all your employees that meet a predefined goal or objective that benefits the organization.
Gifts: This is a trap that a business can fall into when they choose toffer one type of gift as an incentive reward. Your employees will have different tastes and may not care about the reward being offered. Since finding an award that appeals to everyone might be difficult, you should consider offering points that employees can earn and redeemd for various types of rewards.
If you have any questions about employee incentive programs, then contact us for more information.