In business, there are many things that you have decide on from day to day and ultimately the way that you are able to decide upon them is by determining if they will be beneficial for your business - that will support all that you want to do and is within the parameters of your chosen business model. An employee recognition program may be something that you have to consider - or choose to consider - at some point and for good reason. A well-run rewards program can have an untold positive impact on your business on many levels. And if you haven’t before considered incentive programs or are even unsure what they are, read on.

An employee incentives program is utilized by businesses around the world in a variety of industries. As its name suggests, incentive programs offer employees incentives for reaching particular goals set forth by the company. That is the broad definition but ultimately an employee recognition program can be tailored to encompass what will serve your company’s needs the best and that is ultimately the reason that they are so successful.

Companies can choose their incentives - from lower priced prizes such as gift certificates and personal electronics to larger ticket items such as vacations and jewelry. Ultimately it is completely up to you and your budget to determine what prize incentives you want to include in your program. Of course, it’s also important to consider what will be best received by your employees. What may be exciting to some may not motivate others. What is also great about employee recognition programs is that you can change the program to include different prizes whenever taste or budget dictates. This gives you the power to change the program up and keep it interesting and also to invest more money as your financial situation allows.

More in the next post…

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In the last post I talked about the necessity of flexibility when it comes to a new business. I had spent much time - prior to opening the doors of my business, mind you - putting plans into place and making decisions about what kind of business owner I would be and how I would most successfully run my business. Of course, one of the very first things that I learned was that even the best of plans sometimes need to change simply based on the reality at hand. I had quickly learned to be flexible and make adjustments as necessary. I was also very open to new ideas and that’s how I decided to embrace a rewards program to help bolster my employee’s morale. They had been working so hard to help me build this new business and they were doing it with very little help. Beyond that, they were doing all this work in one of the worst economies in history. I could not afford to give raises at this particular time. An employee program gave me the perfect solution for helping to increase production, improve morale and still keep spending under control.

I worked with an amazing company of professionals that helped me to establish my employee incentives program. They worked within my budget which was paramount for me. I didn’t have a lot to spend but that wouldn’t always be the case (I hoped). The beauty of this program was that I could choose the prize incentives that worked for my financial situation - but still amazing prizes that any employee would be happy to win and would work hard to receive. Later, when I had more money to invest in the program I could do so easily. In the meantime, the rewards program that I set up yielded an amazing employee response; doing its share to inspire my employees and communicate my gratitude for a job well done.

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When you are in charge of a company it’s important to have an open mind. You may have a particular course of action to which you think you will always subscribe but sometimes you have to change direction quickly. Flexibility is important in business; there’s no doubt about it. It’s like saying that you’re going to do certain things (and not do certain things) when you have children. Yet, when you actually have children you quickly find out that sometimes you wind up eating your words. That’s how I was with my business. I had said many things ahead of time - things that I would do and things that I wouldn’t do. The fact remained, however, that I was now in the thick of it and flexibility was in order. I needed to be open to new ideas and for me that included a rewards program.

The rewards program idea grew out of my desire to do something for my employees that would help raise morale. Starting a business in a down economy could lead to employee displeasure as I had quickly learned. We were working long hard hours with a less than full staff - doing what we had to do to make it all work. I couldn’t afford to raise salaries just yet but I wanted to do something for them to help communicate to my employees that I valued what they were doing and appreciated their hard work.

An employee recognition program provided an option for me that was not too expensive. In fact, I could invest as little or as much as I wanted in the program and make changes as often as I wanted based upon my financial health. Putting the employee recognition program into place turned out to be the best thing that I could have done. More in the next post…

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In the last post I talked about how my job had become something that I did with little regard for achievement. I went to work, did what I had to do and went home. I had gotten to a place where I didn’t give much thought to what I was doing and I didn’t feel any burning desire to go above and beyond the call of duty. As I said, I was on autopilot until management put in place incentive programs that changed the work atmosphere as we knew it.

This employee recognition program allowed management to communicate several goals that they were looking at for different departments as well as the company as a whole and these goals were organized as short term objectives as well as long term goals. They called on us to help reach those goals and if we were successful - both in the short term and over the long haul, we would be considered eligible for a host of prize incentives.

As you can well imagine, the opportunity to win prizes put everything into a different perspective for us. We learned about the different tiers of prizes - everything from jewelry to cash and trips. This changed the scope of everything and gave us some ownership in the work process. Suddenly I felt recharged; like what I was doing on a daily basis could actually make a difference and that my work was being seen and acknowledged by management. Most of all, I could affect my own path of achievement. If I worked hard and worked in a focused manner towards a particular goal I could find myself in a position of being able to bring home something really spectacular and supplement my yearly earnings with prizes that could impact my whole family. This rewards program put the spirit back into our company and the enthusiasm for my job back into me.

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