How to Develop an Employee Rewards System
An employee rewards system is a great way to jump-start a lackluster working environment. No manager likes having to deal with sluggish and unproductive workers, and a rewards system could be just the motivation your employees need to be more successful and productive. Developing an employee rewards system takes some out-of-the-box thinking and a little creativity, but a little time spent at the drawing board could net you huge returns when it comes to employee productivity. Here is how to develop an employee rewards system.
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Instructions
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Decide on the types of tasks that will be rewarded. For instance, if you have a big deadline coming up, perhaps you will give awards for those who complete their tasks three days ahead of schedule. Or perhaps you'd like to give rewards based on a specific number of contracts that salespeople are expected to sign.
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Choose some items that would be good for rewards. They should be desirable enough that your employees want to work harder to have them. Avoid using money or bonuses as rewards, as employees might come to expect it.
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Know that some good ideas for rewards are: gift certificates for local restaurants or the cinema, cruises or other travel-related rewards, tickets to sporting events and gift baskets.
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Choose the different levels of success that you wish to reward. For instance, if a salesperson garners five new contracts, he receives one type of a reward, such as a gift basket. But for 10 new contracts, he receives tickets to a basketball game. Rewards at all levels inspires all kinds of employees to work harder, and gives them realistic goals.
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Always make good on your reward promises. If you promise a reward but do not give it when the target has been met, none of your employees will trust your employee rewards program and you will not have good results.
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References
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