August 1, 2008

Reward Values With Simple Employee Incentives

Filed under: Employee Incentives — Incentive Programs Expert @ 5:01 pm

Creating an employee incentives program and setting the criteria for rewards isn’t always easy. In companies where sales matter, this is a natural. But, what about those companies where a great deal of employees aren’t necessarily involved in direct selling? How can they honor their employees appropriately?

When an employee program is desired in situations where financial performance isn’t necessarily a part of the mix, there is still a way to make certain workers who succeed receive special recognition. Take a look at the corporation or organization’s stated values to glean some ideas for a rewards program. When values are clearly stated, use them as the measuring stick for rewarding employee performance. If values aren’t stated, take measures to make this happen.

Companies that use this type of model often have quarterly or even monthly recognition where nominees who have been caught exemplifying the core values are voted upon for final recognition. While the winners in each category receive the prices, all nominees are mentioned. In this type of employee program, many companies allow any worker to nominate a co-worker, manager or underling for the award. Stories are written to explain how nominees exemplified the value in question. A panel of managers and workers then selects a final winner for each value prior to a simple awards ceremony.

Some of the values that corporations are known to use to guide employee recognition programs include such things as honesty, teamwork, customer service, productivity, community service and more. The overall winners in each category receive employee incentives. Do remember to pat all nominees on the back for jobs well done, however. This can be achieved through a simple email that lists out nominees for each value.

Rewarding employees who exemplify the values of a company or organization is a great way to not only recognize workers who deserve it, but also to highlight the importance of embodying certain traits. When companies create employee program models that function in this manner they show, rather than tell, their values matter.

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