Incentive Programs Make Sense
As a manager of a mid-sized company I have had my hands full over the last year as you might imagine. With so much on the line in terms of financial survival I have had to oversee layoffs of some really great workers simply because we didn’t have the means to keep meeting our payroll and still make a go of it in keeping our doors open. It has been extremely difficult; not only in losing those employees but also in working to put together an operational plan that still got all of the work done. The remaining employees have been called upon to give more than they would under ordinary circumstances and I have really appreciated the extra effort they have made to come together and make it work. I know that they were very concerned about losing their own jobs but aside from that their motivation came from having been with the company for some time and the desire to see it through to the other side of this economic downturn.
Things have gradually improved day to day and we are seeing a sliver of light at the end of the tunnel. We are not ready to go back to working at full force in terms of our employee base but I wanted our employees to know that their work had been noticed and so I suggested that we implement a companywide rewards program that would offer incentives for superior work. We couldn’t go overboard in terms of the incentives but I was happy to learn that prizes were within our control and could be managed according to our budget. We could implement an employee recognition program now with prizes that made sense for our current circumstances and then grow the program as the company becomes financially healthy again in the coming years. All in all I know that incentive programs make sense not just because of what employees can hold in their hands but because they are being recognized and thanked appropriately.
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