Why You Need Work Incentives for Employees

by: Luke Kreitner November 23, 2016

Formal work incentives for employees may not be something you've used often in the past. As a good boss, you provide encouragement for your employees and generally make sure the job is fun for productive people, but never realized a need for further motivational techniques. The paycheck is the greatest motivation, but formal incentive programs make a demonstrable show of your appreciation for your employees' efforts and encourage them to do their best on every project.

The Great Employee Who Is Falling Behind

Very few things are as frustrating as when an employee you know to be talented at their job begins to show lower results than you've come to expect. You may think it's just a slump, or perhaps something going on outside of work is affecting the otherwise outstanding productivity, and the employee will return to great performance in a week or two. On the other hand, it may because the employee has lost their motivation, and this is when work incentives for employees really prove their worth by forcing accomplishment goals and a tangible reason to attain them.

Work Incentives for Employees during Training

The best time to introduce work incentives for employees is as an immediate program to reward the new hires who show the most potential during training. The program immediately teaches your new employees the importance you place on sustained results toward the overall company success. The incentives can be especially useful with employees who have worked in similar positions for other companies as they learn the different culture your employment opportunity provides and expects. It is also helpful for people new to the field as they learn what makes this job different from other jobs and come to realize what the expectations of them are going to be. Once the employees see how much you value and appreciate them, it sets a culture in which they want to earn and maintain such respect.

The Motivational Kick

Ultimately, motivation is the goal provided and achieved through work incentives for employees. Everybody loses motivation from time to time. The objective is not to penalize a loss of focus and watch performance spiral downward, but rather to motivate the employee through performance rewards and help them get out of their slump. Incentive rewards provide a positive approach to ongoing motivation.

A regular paycheck, whether based on an hourly rate, regular salary, performance commissions, or a combination of the three keeps your employees working for you. However, by contacting a company which specializes in formal work incentives for employees programs, you can assure your employees remain happy and productive with a custom designed rewards program to suit the specific needs of your company.