June 6, 2008

Instill Corporate Values With Employee Incentives

Filed under: Employee Incentives — Incentive Programs Expert @ 10:33 am

In this time when corporate missions and values mean everything, some employers are creating unique ways to make sure their employees understand what a company stands for. Employee incentives, for example, can go a long way in sending home the message about how employees should behave and perform.

To create an employee incentives program centered on corporate values will take a little planning, but the overall benefits of doing so can astound. To formulate this type of employee incentives program, some employers take these steps:

Identify corporate values – This is a must to get a program off the ground. This is generally done in management-level brainstorming sessions on mission and focus. Values such as honesty, collaboration, integrity and so on are often used in many corporate settings. These values are then used to build an employee recognition program around.

Pick an employee program design – Many companies look for online program administrators to help them on this front. What they do is offer top employees who display one or more of the values an opportunity to receive employee recognition.

Set a committee – In some companies, monthly, quarterly and even annual winners are selected by committee to receive fairly sizeable employee rewards for displaying the desired traits. Submissions can come from fellow employees or managers, but the committee selects the overall winners based on narratives.

Select the rewards – When an employee incentives program is overseen by a good online administrator, employers will have a great deal of choice on what rewards are offered. Taking the time to carefully select and tailor a program can help raises its stock with employees.

Creating an employee recognition program that focuses on corporate values is a great way to make sure everyone knows where a company stands. Setting up a program might take a little work, but the effort can pay off with higher morale and happier employees.

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