By Mimi T.
An estimated 25% of employees would fire their bosses if they could. An overwhelming majority of employees report feeling unappreciated. This is the most common reason why many leave their jobs. Amid economic challenges, employers are finding it increasingly difficult to offer incentives to the employees. In many cases, the employer would love to offer better benefits to the hard-working staff. But many businesses are struggling to keep overhead costs low. There are some creative incentives that an employer could consider offering to the staff.
Flexible scheduling is a great incentive for the hard-working employees. Simply create a four-by-ten work schedule. For many businesses, this is an easy incentive to put in place. Not only will employees have a day off, but they will also feel less exhausted with the shorter workweek in place.
Employers could offer telecommuting. With instant messenger, email, collaborative meeting tools and smart phone technology, it is more than possible for individuals to work from home. An employer only has to create tasks or deadline-driven projects for the telecommuting day to ensure that productivity doesnt suffer. The average office employee only needs a laptop, internet connection and phone to tackle assignments. Most employees would appreciate being able to work from the privacy of their own home.
The employer could purchase gift cards for the employees. The gift card could be a part of a monthly drawing, or handed out randomly to an impressive employee. An employer could purchase a gift card for practically anything, including: gas, groceries, restaurant or money. The unsuspecting employee would feel inspired by that gesture. Gift cards a great way for the employee to be recognized for their tireless efforts.
Sending an employee home early is another great way to show employee appreciation. A recent Regus survey showed that 34% of employees feel overworked. According to a recent Accounttemps survey, the least productive hours of the day are between 4 p.m. and 6 p.m. This means that sending an employee home early during that timeframe isnt likely to have a true impact on productivity. As a result of being sent home earlier, the employee could have a shorter commute.
Incentive plans are another great incentive for employees. A recent Kelly Global Workforce survey 53% of participants felt that employee motivation would improve if there was a profit-sharing or incentive plan in place. Many businesses provide similar programs to the sales team, but the other employees are often left out. The employer could easily establish metrics for the employee to meet. Incentive plans work best when all employees within a company are included. Each employee would feel more vested in the success of the business.
If a business offers a service that the local business community could benefit from, a barter system could be put in place. A business can partner with a local spa, restaurant, garage or other service company to create discounts for the employees. Since the barter system is based on trade, the business wont have to invest a great deal in creating these benefits. Employees appreciate being able to enjoy privileges from local area businesses.
Flexible scheduling and other creative incentives are affordable ways for a business to show appreciation to a valued employee.
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