Why Employers Can Benefit from Employee Incentives & Rewards Programs

Let's face it: Whether you manage an international corporation or a small family business, your employees are your company's lifeline...so why not give your workforce a the rewards they deserve or encourage them to bring even more to the table in order to grow your bottom line?

A recent article sheds light on three huge employer benefits of offering employee incentives at your company:

-- Employee incentives could facilitate a competitive streak among coworkers, which can in turn, jump start employee morale.

There can be many circumstances which occur in the office which may cause cohesion among colleagues to dwindle, but that vibe doesn't have to linger long-term. Providing an employee incentive program for your team can re-ignite that competitive nature in many individuals, and may even cause your employees to grow closer as comrades outside of business hours!

-- Employee incentives are powerful because they have been known to boost productivity.

Whether your crew is comprised of a product assembly line or is made up entirely of a corporate sales force, dangling a metaphorical carrot in front of each horse definitely motivates employees to do more.

-- Employee incentives can also increase confidence. Rewards for a team member on your staff roster is often a huge inspirational factor when it comes to performing the same tasks day in and day out. When your workforce knows they are working towards a "prize," or some type of award for their laborious efforts, they will be more confident to produce, and more confident to help grow your business.

So if you're an employer in search of an effective employee incentive program for your business, contact LoyaltyWorks TODAY. Our employee incentive strategists design, develop and manage customer loyalty and business incentive programs that produce measurable results.

It may seem trivial or even unnecessary, but rewarding your team for their hard work in the office can help YOU as an employer as well.

For more information about our employee incentive program services contact LoyaltyWorks at: 1(800)844-5000 or visit our web site: LoyaltyWorks.com .

Why Employee Recognition Rewards Can Help Boost Your Bottom Line

It's true! Employee recognition rewards are now becoming widely recognized among employers as an effective tool to boost a company's bottom line.

While job competition and an increased work pace has added more pressure for staff members to perform with extra efficiency, each worker's individual performance (with a mere employee rewards system in place) can significantly improve productivity for businesses large and small.

Here's a few reasons why employee incentive programs can be helpful to employers like you:

-- Employee incentive programs can create a greater sense of responsibility for your staff. This means your team can develop more ownership of their jobs, simply because they have a bigger reason to work harder and become more productive for their own personal benefit!

-- Performance Related Pay (or PRP ) initiatives have been known to stimulate employees to work harder than average. Why is this the case? Because many people seem to be motivated more by "the light at the end of the tunnel" (with rewards aside from monetary compensation) rather than just going through the motions until it's time to clock out for the day.

-- The primary objective of employee rewards programs is to give an employee some control over their income.

"Cold hard cash" can be notoriously motivating, but can also be highly ineffective over time for the majority of people. That's because employees, by nature, have little ability in reality to alter their behavior to significantly increase their earnings.

Why not use employee incentive programs TODAY to improve performance among your workforce while simultaneously encouraging your staff to stay on board with your business for the long-term?

If you or someone from your company is interested in implementing successful employee incentive programs for your personnel visit LoyaltyWorks.com TODAY!

The "Morale" of The Story: Employee Incentive Programs May Improve Performance on the Job

It's no secret that employee incentives and recognition schemes have recently become a powerful tool for human resources departments in many companies.

This is mostly because job competition and the change of pace in professional environments nationwide now has added pressure, as well as even more demands from all levels of a company's employees...

Fortunately (or unfortunately, depending on how you look at it), each worker's performance can become an integral part in the success or failure of a company.

This is why PRP (Perfomance Related Pay ) initiatives have currently been credited for the increase in productivity at businesses across the U.S.

Here are 3 great examples of why implementing PRP , or employee incentive programs , can be helpful to employers:

1)  The primary objective is to give an employee some control over their income.
"Cold hard cash" can be notoriously motivating, but can also be highly ineffective over time for the majority of people. That's because employees, by nature, have little ability in reality to alter their behavior to significantly increase their earnings.

2)  Employee incentive programs can create a greater sense of responsibility for your staff. This means your team can develop more ownership of their jobs, simply because they have a bigger reason to work harder and become more productive for their own personal benefit!

3) PRP initiatives have been known to stimulate employees to work harder than average. Why is this the case? Because many people seem to be motivated more by "the light at the end of the tunnel" (with rewards aside from monetary compensation) rather than just going through the motions until it's time to clock out for the day.

While "compromise" typically tends to be what constitutes an adequate reason for your employees to perform well on the job,  balancing the (unwritten) requirement to improve performance will also encourage your staff to stay on board with your business for the long-term.

If you or someone from your company is interested in implementing successful employee incentive programs for your personnel visit LoyaltyWorks.com TODAY!