Improve Performance and Morale with Cost-Effective Employee Incentive Programs
Business → Marketing & Advertising
- Author Caryn Smith
- Published November 14, 2011
- Word count 597
According to Entrepreneur Magazine, the number one way to encourage improvement among employees is to praise them for a job well done. And the number one myth when it comes to keeping them motivated? That money is the only option. That’s good news for businesses that are feeling the economic pinch, because with budgets stretched thin and raises and bonuses nearly nonexistent, you need to find other ways to motivate your staff. One proven method is to offer a small gift to serve as a visible reminder of your gratitude.
Encourage Improvement and Professionalism with Custom Charms
A great way to encourage improvement in any area is through sincere thanks coupled with unexpected rewards. Of course you thank your employees frequently, but imagine the morale boost they’ll receive when you present them with a tangible symbol of your appreciation.
A staff member with past attendance issues will be much more motivated to arrive on time every day when she realizes her efforts have been noticed by senior management. Present her with a small charm bearing your company logo and a few words of encouragement, and not only will she be proud to display it, but other employees will work harder to earn their own rewards.
Customer service is another area that is greatly improved with the addition of small gifts. A medallion displayed on an office wall acts as a constant reminder to an inside sales person of her history of giving outstanding support to everyone who calls. In the retail sector, customers who are greeted by an employee sporting a symbol of their commitment to excellence know they can expect an outstanding experience.
Recognize Achievements in Training Programs
Ongoing training is an important part of your business development, but getting your employees to participate can be a challenge. One way to promote an enthusiastic response is with public recognition. That doesn’t mean you have to hold an award ceremony, though. Instead, offer a visible token to represent levels of accomplishment.
Similar to military ribbons or karate belts, custom charms or medallions can be fashioned to represent steps in a process. As an employee passes each level, he or she is rewarded with a new piece to commemorate the event. Various levels can be indicated with different color gemstones or other decorative touches, so a collection of medallions clearly shows the recipient’s progress.
Start a Friendly Competition and Watch Sales Increase
A little rivalry can work to your advantage when trying to drive sales, increase donations, or reduce expenses. One way to encourage competition is to offer prizes to the top performers. Much like Olympic medals, charms or medallions of different colors and designs can represent various levels of achievement.
To add to the excitement, tie your competition to a popular sporting event such as the World Series or the NCAA basketball championship. Divide the staff into teams based on department or location, and keep a "scoreboard" in a public place. When the games are over, offer medallions to the top performers, most improved, and of course, most valuable player.
Inexpensive metal medallions and charms can be better than cash when it comes to keeping employees happy and boosting performance. Perhaps even more importantly, though, these incentive programs don’t require a budget overhaul. When ordering custom medallions, be sure to choose a vendor who specializes in top-quality metal products. The best suppliers offer custom color matching, free design work, and quick turnaround at no additional charge. In addition, look for manufacturers who can accommodate intricate designs so your logo looks its best.
Caryn Smith is Manager of Lapel Pins R Us. Visit [http://www.lapelpinsrus.com](http://www.lapelpinsrus.com) today for custom medallions and charms in just 10 days, guaranteed! © 2011, All Rights Reserved
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- How AI Writer Checker Can Help You Create High-Quality Content in Minutes
- What are the top 5 SEO strategies?
- How HR Payroll Services Can Streamline Your Business Operations
- Navigating the Social Media Marketing Landscape: Essential Strategies for Success
- Unlocking Efficiency: Why Choose Our Canon Printers for Seamless Business Operations
- Do Compelling Marketing Pictures Unlock Sales Potential?
- Become an SEO Expert: The Benefits of Certification
- 8 Essential Steps for Hiring and Collaborating with Commercial Photographers
- Marketing Strategies for Mooncake Suppliers: Standing Out in a Crowded Market
- Discover The Hottest TikTok Trends Taking Over Your Feed!
- How Crypto PR Exists Beyond Traditional Marketing
- How To Automate Affiliate Marketing?
- Effective Marketing Strategies for Tradies: Boost Your Business in 2024
- The Dos and Don'ts of Creating Engaging Online Content That Keeps Your Readers Coming Back
- Unleash Your Inner Artist with Google's Mind-Blowing AI Generator!
- The Impact Of Social Media Algorithms On Marketing Strategies
- Redefining Success with a Holistic Approach to Marketing Measurement
- Dong Yuhui being accused of being racist against women because refusal to sell women's underwear.
- Creating Buzz in the Hallways: High School Advertising Techniques That Get Results
- How does social media marketing tie into a digital solution service?
- Custom DVI Cables: Everything You Need to Know?
- Diet Plan for Weight Gain
- Navigating the Dynamic Landscape of Hot Trends in SMM Panels
- Unveiling AI Brilliance: Leonardo Laboratories at the Fore of Innovation
- Unlock Your Career Potential: How Our Digital Marketing Institute Can Propel You Forward in Mumbai
- Social Media Marketing: Harness the Power of Online Platforms for Success
- Growing Your Business Online: How Gardeners Can Utilize Digital Marketing
- Measuring and Boosting ROI Across SEO, Email, & Social Media
- Navigating Challenging Business Conditions: The Power of Strategic Marketing
- Unlock Your Style: Fortnite Skins for Sale