Four Ways Employee Incentives Can Drive Engagement and Retention
No matter the industry or the size of a business, happy and engaged employees are a huge asset. Ensuring full-time, part-time and contract employees are happy and engaged can be tricky—and the repercussions for attrition can be dismal. Many employees just want to feel appreciated and recognized for their hard work. If they don’t feel like you’re giving them the attention and kudos they deserve, they may go to your competitors for that validation—or stick around but disengage from your company and their responsibilities.
Entrepreneur Magazine recently published insights from our own Jason Mauser on this topic. In the article, he describes how incentives are an important piece of the engagement puzzle. He points out how employees who are more engaged with your business can drive innovation, growth and revenue. And incentives are one way to keep your employees happy, engaged, and with your company.
Here’s an excerpt:
Incentives matter. A good incentives program doesn’t just provide traditional bonuses or commission-based rewards for sales teams that meet their quota. Instead it should reward and recognize employees from across different departments and levels of responsibility for achieving different work-related goals. You can avoid the pitfalls of employee turnover by driving retention using incentives in your employee engagement efforts. Here’s how: