As the owner of a company, you definitely want to work to improve your employees’ work experience. Yes, ultimately, they are there to work, but you still want to ensure that they are happy. When they are happy, they are more likely to be motivated to work productively for you. What are some incentives you can provide?
When you consult with professional services such as O.C. Tanner, you will find that most employees would like to see a raise in their pay. If they know what they are working for, they might be even more motivated to pursue these goals. For example, you might offer a certain amount of money once a person has taken 30 credits past his or her masters degree.
More Frequent Raises
Employees also like to know when they are going to receive raises. For example, let’s say that you offer raises only once every other year. As a result, they might not start to put a lot of effort into the job until that two year mark comes around. However, if you provide small raises twice a year, or even once per year, they might be more inspired to work.
Set up a Rewards Program
Most people are familiar with how credit card rewards programs work, and you can try to implement a program at your job. Once an employee reaches a certain level, he or she could be rewarded with an extra paid-day off. You could also implement new titles for people once they reach a specific level of productivity in the company.
While you probably don’t want to cancel your annual holiday party because of low productivity, you can use other types of social events as incentives. Maybe you want to send out a certain number of orders by a particular day of the week. If you are able to reach that goal, then you can take the company out for dinner. Let everyone know about this goal.
More Vacation Time
Having more vacation time is a dream of every employee. Many of them feel that if they are constantly working overtime, this should be made up in some way. If you are not required to pay the employees for overtime work, you should consider an additional day of vacation once they reached a certain number of overtime work.
Having these various incentives is a huge way to keep your employees motivated, and you can work to create a better work environment.