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How to Encourage Better Performance for Employees through Incentives

Sometimes, employees may get the idea that their employees are not so much engaged in work as they should be. They thus embark on identifying factors that could bring about motivation and thus increase the performance of the employees. Well, motivation is among these factors that increase motivation. Sometimes, we may think that incentives are an expensive motivational factor. Some are relatively inexpensive. Low-cost incentives are available, and they work effectively. One among them is giving shout-outs. For any employee who does a great job, employees should recognize the efforts. You do not necessarily give shout-outs one on one to the employee. There are other means you can easily use, including company group chats or even through the email newsletter. Such small but kind gestures can create a great impact on employees’ morale and motivation. Recognition means a lot and provides another reason for the workers to be proud of their work. Further, recognition improves job satisfaction and consequently improves performance.

Personalizing goals can be a vital incentive. You can reach to each employee and identify their goals and how they relate to the general company goals. Personalized goals are more motivating to employees as opposed to overall company goals. The employees employ all efforts to attain these goals and shine in the specific roles. Besides, you can use profit shares as opposed to cash bonuses. They feel a great and important part of the organization, take pride of their roles and work towards achieving goals together. You can offer gift cards to places where the employees can have amazing experiences including restaurants and movie theatres; also include options such as paid leave and paid trips. Such experiences make them feel valued and loved, and thus would they like and value their jobs. Allowing flexibility for employees also boosts motivation. You can allow employees reasonable working hours as well as reasonable monitoring and supervision. Besides, autonomy can bring in both motivation and increased performance without pressure.

As an employer, you have probably heard of a plaque award. However, am not sure you have considered the plaque award’s role in improving performance. Well you can use plaque award to identify your company as well as differentiate it from the others in your line. For instance a plaque award could be a present each employee could display at their desks. Also, you can provide gift cards to a restaurant as a plaque award to employees. Also, the plaque award could be discounts for various services, for instance, a gym subscription. You can thus use a plaque award to show commitment to the well-being of your employees, which could, in turn, improve motivation and productivity.