Creating an Incentive Plan for Employees
When a business has too much work, employees will often feel barely getting by. This can lead to stress and anxiety that ultimately causes greater health problems for them. However, certain incentives can help workers feel appreciated and motivated to do their best in the workplace.
Pain management specialist Jordan Sudberg shared four tips on how companies can create incentive plans for their employees:
1) Create an annual goal
2) Make quarterly goals
3) Have the company celebrate milestones
4) Keep people engaged with interactive exercises or games.
1) Create an annual goal
According to Sudberg, a pain management specialist, several organizations have incentive programs to improve their employees’ well-being and prevent illness.
These programs should be designed yearly and are based on performance and productivity. Employees need to know how their work affects the company. By doing this, employees will have a clear understanding of what they are working toward and will have the chance to set realistic goals that they can meet.
Starting this incentive program can be difficult and may take several years to do so. To do this properly, it’s important to keep data on employee participation and progress. This way, companies can track their results, identify potential issues and reward employees for their hard work.
2) Make quarterly goals
Creating a quarterly goal plan helps employees feel more involved in the process. Employees need to engage with the program actively and set their goals accordingly. This will allow for better participation and engagement among staff. It is often challenging for a person to see beyond the horizon. Setting goals can allow an individual to see what they have accomplished over the last quarter and better determine goals for the next quarter and the year. This can also be beneficial for employees with short-term memory.
3) Have the company celebrate milestones
Incentive programs that celebrate milestones are a great way for employees to appreciate their hard work. These programs can be based on each month’s goals or larger ones throughout the year. These milestones include obtaining new sales records, reaching a certain profit margin, or even simply completing a project ahead of schedule. Arranging happy hours at restaurants, hosting parties and arranging seminars are just ways you can easily reward your employees. Such incentives can build a sense of cohesion and camaraderie among the staff.
4) Keep people engaged with interactive exercises or games
People must feel part of the company and feel their actions are known by management. Employees must know it’s important to keep on top of their work deadlines and stay on task to maintain productivity. These types of gimmicks also allow for a better understanding of productivity in the office.
Jordan Sudberg thinks that there are many ways to improve productivity and employee health, and a good incentive plan will be built from the ground up to cover all of the needed aspects.
Numerous industries have incentive plans in place, including the healthcare industry. In 2015, this article was featured on The Wall Street Journal website. A key element of business success is having employees willing to help achieve that success through their efforts in the workplace. To find out how great companies are with their employees, look at how some top companies offer pay increases.