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Expanding your view of what's possible with your Internet business!
Expanding your view of what's possible with your Internet business! by Rod Moore, Goals Magic http://goalsmagic.opportunity.com (This article may be published in your eZine, newsletter or web site provided the resource box details remain intact....
Focus on your strengths
Taking time to discover or confirm your key strengths and skills will empower you to make important decisions about your career. If you continue to produce letters and resumes that highlight the skills you have developed in your present position,...
Home Business Success - 5 Things You Can You Learn from Your (Ex) Boss
In the past, everyone could take pride in working for large, multinational companies. The current trend of downsizing and outsourcing, however, has brought major changes in the employment landscape. One thing for sure, as job security becomes a...
Know the Building Blocks of Dialogue that Lead to New Learning, Innovation and Synergy
With the complexity and continuous change leaders and managers face today, continuous learning, responsiveness, adaptation and innovation are essential survival skills. Yet, one constant that human beings seem to want and need more than anything...
Top Tips And Advantages To Start Your Internet Home Business
The Advantages Of An Internet Business
by: Michel Richer
Working at home on your internet business is very gratifying. You are now the captain of your ship. You are the one who is steering the wheel. You can use your full creative capacity to...
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When It Pays To Use Incentive Programs
Non-cash incentive programs and fringe benefits can have a
powerful influence on attitudes, which should in turn improve
results. You can give employees the greatest incentive program,
but by impairing a sense of ownership in the organization.
If you don't know what kind of incentive programs to employ so
as to motivate your people to work and increase productivity,
here are some tips that you can use:
1. Sharing the shares.
Use share schemes as an incentive program to reward people for
contributing to team success.
An employee who sees his or her efforts rewarded in company
shares will, in theory, identify with the company, be committed
to its success, and perform more effectively.
In reality, it may be hard to tell whether the company's success
is due to employees owning shares, or whether the success itself
has led the company to issue shares. It is also difficult to
know whether employees would have performed less effectively if
no shares had changed hands.
Nevertheless, by giving people a stake in the company as an
incentive program, you are making a highly positive statement
about them, which encourages them to feel positive in return.
2. Gifts are not just for Christmas.
Surprise people with gifts they do not expect. Expected
remuneration has less impact than the unexpected. Even generous
pay rises are taken for granted after a while, as salary wishes
increase accordingly.
Incentive programs like a far smaller "payment," in the form of
a gift, have an unequal worth in the eyes of the recipient. An
employee could use a cash award to buy a gift, perhaps a weekend
vacation, but that would provide less satisfaction than an
incentive program in kind from the management as a reward for
work well done.
Consider this, which incentive program is better: A company
called for a special meeting for all of the employees that had
achieved the sales quota for the month. In the meeting, the
company announced that the incentive is a gift certificate. They
went to the Accounting Department, as instructed, signed their
name, and off they go.
Or: The company gave them a specialized mug embossed with the
word "Congratulations," plus a special card with a special
message personally written by the manager.
Between the two incentive programs, the latter is more
appreciative. Gift certificates
could be a good incentive
program but it is sometimes taxable, so they get only a fraction
of what was written on it. Plus, the first incentive program is
more rigid, lacks personalization and appreciation.
On the other hand, the second incentive program is far more
favourable. A more specialized and personalized gift idea as
incentive program can be more appreciated. It makes your
employee feel that they are individually valued especially if it
comes with a "thank you" note.
Best of all, presents are also a better incentive program and a
cost-effective method of motivating staff when cash is short or
when competition does not allow an increased pay.
3. Optimizing benefits.
Fringe benefits have become a much less effective incentive
program financially in many countries because of tax charges, as
mentioned earlier.
Good pension schemes, however, have become more attractive as an
incentive program wherever state-funded provision falls. The
same applies to medical insurance. The knowledge that the
company cares for its people in sickness, health, and old age is
a basic yet a powerful factor.
Other benefits, such as company cars, paternity leave,
vacations, and help with children's education and care as
incentive programs can improve the quality of people's lives.
Electronic devices, from mobile phones to computers, directly
benefit the company, but as an incentive program, the individual
also gains personally from their availability.
Ultimately, loyal and happy employees tend to work harder,
leading to increased overall productivity.
4. Bequeath status.
The modern company, with its flat structure, horizontal
management, and open style, avoids status symbols that are
divisive and counter-productive. Reserve parking places and
separate dining rooms are rightly avoided.
However, important-sounding job titles are easy and economical
forms of incentive program at the same time a better way of
providing recognition and psychological satisfaction.
So, now you know that incentive programs don't necessarily mean
it has to be in the monetary form. Do remember that giving
people incentive programs of any kind sends a very positive
signal. As they say, it's the thought that counts.
About the author:
For more great incentive info and ideas check out:
http://www.incentive-insider.com
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