You want to create an employee incentive program that keeps both field and office teams motivated and engaged. This approach ensures that you stay on top of the incentives currently driving employee engagement, but what does this look like? Personalizing incentive programs is effective, impactful, and positively affects employee engagement. Here are some examples of incentives that have been proven to attract and motivate employees in the long run.
Proof in the Numbers
An alarming statistic discovered by AttaCoin revealed that 41% of employees feel their employers effectively reward them for their excellent work. This means that fewer than half of employees feel underappreciated and are not recognized appropriately for the work they invest in the company. Statistics presented by Achievers found that 69% of employees cite recognition and reward programs as motivation to continue doing their current job. By giving the rewards your employees really want, they’ll want to stay longer and represent your brand. The same article also stated that reward programs can increase employee productivity by up to 44%. Furthering this point, organizations that use employee incentive programs have a 79% success rate in achieving business goals when a reward is offered. Even just offering rewards will encourage employees to work harder.
It's important to remember that employee incentives help build and encourage employee morale. Business success depends on employees, and incentives give your team the opportunity to work by providing tangible recognition for their efforts. Think about how to tie your company's strategy and values to a successful employee recognition program. For example, combine the Employee of the Month program with company rewards inspired by different company values. Develop a unique reward such as a personalized gift card that managers can give to their employees.
Celebrate with a Personalized Gift Card
Companies often use recognition tactics by offering customized rewards and benefits through these programs. For example, you can motivate employees to continue working for you by celebrating the company’s anniversary with an annual gift card. A program that celebrates the company may also attract the attention of employees who may feel left out by performance-based incentives they consider out of reach. RPG Card Services offers co-branded and custom gift cards to support your incentive program. Include your logo or design to personalize this cost-effective way to make a memorable impression on employees. No matter how advanced or new your recognition program is, this small attention to detail can be the personalized touch your company is missing. Learn more about what we offer at RPG Services.
Take Time for 1:1 Interactions
Managers and leaders should consider the importance of verbal recognition, thank you letters, physical rewards, and recognition events within their programs. When it comes to verbal recognition, employees prioritize face-to-face personal recognition over public recognition. RPG Card Services offers both physical and digital gift cards to all businesses looking to motivate their employees.
The best incentives are focused on your employees, their needs, and desires. A successful recognition program rewards employees who work extremely well with their teams and inspires others to collaborate. Personalized rewards elevate your company incentive program and connect you more with your employees.
Sources: https://snacknation.com/blog/employee-incentive-program/; https://www.xceleration.com/resources/how-to-design-attractive-incentive-programs-for-employees/; https://connecteam.com/employee-incentives/; https://www.insperity.com/blog/52-epic-ways-to-reward-your-employees/; https://www.tinypulse.com/blog/these-4-companies-totally-get-employee-recognition; https://www.achievers.com/blog/employee-incentive-programs/; https://www.cristaux.com/blog/employee-incentive-programs/; https://www.applauz.me/resources/employee-rewards-program-statistics ; https://www.prweb.com/releases/2017/04/prweb14269589.htm