Tuesday, July 16, 2013

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 .

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