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Last Updated on August 28, 2017 by Work In My Pajamas
Do you want to maximize business productivity and retain your best employees? If so, you should consider rewarding your hardest working staff each month. We are therefore providing five performance incentive ideas your employees will love.
A Cash Bonus
Everyone loves an influx of cash in their bank balance, which is why you could provide a cash bonus incentive as a motivator. Reward both your sales and non-sales teams with a financial windfall, which should be awarded based on individual performances.
Provide a system that allows a team member to track their progress against company metrics. As a result, an employee may notice that he or she is not performing as well as other members of staff, so will aim to improve their performance to receive a bonus.
Event Tickets
Your employees work hard all year round, so it is nice to reward them with a little downtime every now and then. Provide a stand-out employee with an event ticket they will love, such as a concert, musical or sporting event. It will allow them to stop thinking about work and to have a little fun outside the office. Visit www.ticketsales.com to find tickets to a show or event your employees will love.
A Flexible Schedule
Many employees dread waking up at six in the morning, or hate not being able to pick up their children from school. Allowing a star performer to pick their own flexible schedule for one month could therefore be a great motivator in the workplace. Provide various set working hours they can choose from for one month, so it’s ideal for an employee who would rather come into work early in the morning or arrive into the office at midday. It will cost the business nothing, but it could motivate your team to give you that extra 10%.
Extra Vacation Time
Everyone loves a day off work, even people who love their jobs. It allows a person to go to bed late, sleep later and spend a little more time with loved ones. That is why you should consider offering extra vacation time as a performance incentive. It will be a great motivator for employees who are running low on vacation time, or for someone who just wants to enjoy an extra day’s holiday.
A Free Holiday
Do you have a big budget to spend on performance incentives? If so, provide a hard-working employee with a free holiday to reward him or her for a job well done. Either allow an employee to pick their destination with a predetermined budget, or you can select a holiday on their behalf, which you could advertise to a team to use as a motivating tool. Not only will it make your team work much harder, but it will also prove you are a generous employer.
Do you use any performance incentives not mentioned on this list? Have you received a fantastic reward from your employer? Tell us all about it in the comment section below.
