It's simple. Staff who exceed expectations ought to be rewarded, both to encourage them to continue good work but also to motivate others to do the same, in turn benefiting the business as a whole.
Reasons why rewarding is always a good idea:-
- Increased Motivation
- Increased Company Morale
- Increased Productivity
- Increased Company Loyalty
- Reduced Absenteeism
- Reduced Staff Turnover
Historically rewarding staff would have been in monetary form. Nowadays, our staff are looking for enrichment. What better way than to pay for them to be Bear Grylls for a day with a Reward Voucher!
How to Reward?
Start with your overall business objectives and align your Incentive Programme objectives with them.
Typical reward scheme objectives might include:
- Improving product profit margins
- Increasing turnover
- Increasing sales on the whole or for a particular product/ service
- Reducing customer complaints
- Improving customer feedback
- Developing behaviour in line with the corporate values and culture
- Improving employee skills
Plan & Implement
Before starting your reward scheme consider the following:
Ensure the budget includes any additional resources such as staff time and any promotional print.
Consider what sorts of rewards your staff will respond well to, you might even want to conduct a poll.
Ensure management are working towards a joint end goal, for instance higher productivity.
Once your scheme has launched you may want to promote it through your company newsletter or similar.
Obtain feedback from the rewarded staff in order that you can review the success of the scheme.
"No better way to spend a work team building day! Overall the day was excellent and everyone really enjoyed it."
Nicola Hawkins, Coca Cola
"A fantastic day out for the team and one of the best team outings we've ever had. Thank you!"
Jason Stiff, Microsoft, Clay Shooting, Woking
"Fantastic day, enjoyed by all! Great paintball site & excellent instructors - would definitely recommend for a team build!"
Jane Barr, Virgin Mobile, Paintball
"A great event, a really professional set up.......a great venue for a team build."
Andrew Lakin, Alton Towers
- Glaxo Smith Kline
- Jaguar Landrover