|
Implement a staff rewards scheme to help improve morale All company owners and senior managers will be aware how tricky it is to keep staff morale up during difficult economic times. One way to improve the situation is to look at employee reward schemes, which are both relatively inexpensive and simple to implement. When businesses consider the costs and benefits of a staff incentive scheme they often make the mistake of thinking they must be complex and include high-value rewards. However, that does not need to be the case, as it is often the fact the role they play in the organisation has been recognised, rather than the gift itself, that most pleases workers. There will, of course, be some costs involved in organising a programme of this kind, but you need to weigh up the relatively small outlay against the potential impact of it. Offering incentives to employees can improve motivation among demoralised staff and relations between workers and management. Perhaps most valuably, they can also help to cut staff churn and reduce the amount of money the business has to spend on recruitment and training to replace experienced employees. Sometimes, all it takes to persuade someone to stay in their position is the reassurance that their efforts are valued and their job is safe. A well thought out rewards programmes can help to do just that. One of the simplest schemes involves offering gift vouchers as incentives to hit particular targets, such as the completion of an order on time or hitting certain sales figures. The incentives can be based on either individual or team performance. You can also think longer term and establish a points-based system that allows staff to accumulate cash on a pre-paid card for a high street retailer of their choice. Your organisation will not have to go to the trouble of administering this, as there are companies that specialise in setting-up and running such incentive schemes on behalf of employers. All you will have to worry about is working out who to reward. You may wish to think about length of service, dealing with customer complaints, improved sales, departmental performance and any employee of the month-type awards as factors to include in your calculations. Such schemes are very flexible and can be designed to fit in with your business's objectives. There is one thing you must do before beginning such a programme and that is to communicate to employees in a clear fashion what the scheme is for and how it will work. To find out more about employee reward schemes get in touch with Love2reward. We have a range of incentive schemes and incentives for employees suitable for any business.
Related Articles -
employee reward schemes, incentive schemes, incentives for employees,
| 
