Workplace Productivity: 4 Employee Incentives That Actually Work

Happy Employee
March 9, 2020
66 / 100

Employee satisfaction is a huge contributor to any company’s bottom line. A five-year research study showed that an increase in job satisfaction also leads to a 6.6 percent productivity rise per hour. What’s more, other research looking to connect productivity and workplace satisfaction showed that sales can increase by over a third when workers feel fulfilled.

This means that, if you’re looking for employee incentives that actually work, you need to look at ways to keep your staff satisfied, engaged, and inspired.

Doing this, however, isn’t as easy as we’d all wish it was. A cash bonus won’t make up for poor company culture. Nor will strict rules and unmanageable quotas inspire people to do better work.

The key lies in inspiring. After all, that’s what makes great leaders truly great – their ability to encourage those around them to do work they will take pride in.

The following employee incentives aim to do just that: invite innovation, motivate, and ultimately, create a positive environment for everyone working towards a common goal.

Encourage Accountability

Being a leader or manager makes it easy to fall into the trap of thinking that you’re bearing the weight of the world on your shoulders. People in high positions tend to take pride in the fact that they’re irreplaceable (or at least very difficult to replace). But leadership is much more than being amazing at what you do. It’s about teaching and allowing others to gain the skills necessary to not only reach your level but to surpass it.

Underestimating team members is also an easy trap to fall into. Take interns, for example – there are just so many companies that, instead of allowing them to learn and develop, keep these eager young minds doing tasks that are often completely unnecessary.

Think about your team, and ask yourself: is there anyone who shows promise and enthusiasm, yet is spending their time on projects that could be done by someone less skilled? Is there anyone who seems to be stuck, bored, and unchallenged in their work? If the answer to any of these questions is yes, it’s time to give that person a chance.

Encouraging accountability  is one of the best ways you can inspire an employee to go above and beyond. In addition to engagement, it also results in a higher level of job satisfaction, mainly because it gives purpose to low-level tasks.

But don’t just assign responsibility: if you want to create employee incentives that will encourage higher effort, you’ll also need to know how to reward people for a job well done.

Offer Training Opportunities

It’s no secret that great results require innovation. And the single best way to inspire out-of-the-box thinking is to encourage employees to learn new things as often as possible. Unfortunately, not everyone sees training opportunities as something positive. Although millennials want more of them, traditional methods may not always work. Training opportunities need to be enticing, but above all, they need to clearly show potential for self-development and be accompanied by engaged coaching.

A great way to get the results you want is to speak to your employees directly and listen. Even during the onboarding process, you can inquire about the skills they hope to learn or perfect at their new position.

You can also go a step further and invite employees to find training opportunities that excite them. People will come up with very different things – some may want to visit a seminar abroad, while others will prefer an online course. Offering them the opportunity to pursue their interests will prove to be a great reward, as well as a great incentive to go above and beyond.

Remove Time-Wasters, Frustrations, and Obstacles

If you want to implement employee incentives that will truly inspire discretionary effort, you must be aware of all the negatives your workers have to deal with on a daily basis. If you think about it, every single job has its bad sides. Many of these negatives can be eliminated.

If you’re unsure where to start, you can conduct an anonymous survey and ask your staff to list the three things that take up too much of their time without actually leading to results of high consequence. This type of information will give you the necessary insight into processes that you want to optimize.

Once you know about the frustrations, you can take the required steps to eliminate them. Invest in tech that will speed up certain processes. Or, subscribe to software options that can automate reports. You can purchase advanced solutions that can completely replace a personal assistant.

Another way to have your employees focus on what matters is to look at tasks that can be outsourced. Some jobs simply don’t have to be done in-house, and having them performed by a freelancer or remote worker can be cheaper than hiring for the role .

Don’t Forget About Traditional Incentives

Some incentives simply work like a charm, despite having been around for decades. A cash bonus, a promotion, or extra days off can all be amazing ways to inspire your staff. Even more, you might want to experiment with remote work, offer company swag, event tickets, gym memberships, or full-blown paid vacations for your top performers. Any of these are sure to motivate.

The key here, however, is to use them smartly. On their own, they won’t be guaranteed to work. Instead, you should combine them with meaningful practices that will create a better company culture, thus allowing your entire team to thrive and contribute to your common goals.

Be Creative and True to Yourself

As a leader, you should be aware of the fact that no one knows your team as well as you do. This puts you in a unique position to help them become better with every passing day. Employee incentives are sure to inspire increases in productivity and performance, but the best ones can only be chosen by someone who truly understands their staff. So don’t be afraid to make bold choices, even though they’re not listed here.

If you feel like the best way to inspire your team is to take them out to lunch every Wednesday, or to allow them to work remotely on Fridays, don’t hesitate. Even if three months in, you find that a particular method didn’t pan out as you wanted it to, you’ll still have gained valuable insight into how you can make your staff the best it can be.

Feature image: https://www.pexels.com/photo/woman-in-blue-suit-jacket-2422293/

Author Bio:
Sarah Kaminski is a freelance writer and social media marketer. She works with a number of small businesses to build their brands through more engaging marketing and content.

Categories

More Posts:

Tricks for Boosting Productivity at Your Business

Running a successful business requires efficiency and productivity from employees and management. This can be a challenge for many businesses due distractions in the workplace and high workloads that are placed on employees. Fortunately, there are several tricks you...

7 tricks to work more efficiently online.

Working from home is fantastic until your cat spits on your computer and your child make the work even worse by constantly disturbing you. And across the street, your neighbor begins turning on different noisy equipment and power tools as you can only assume that he...

Explaining the What, Why, and How of Strategic Alliance

A strategic alliance is a business arrangement in which two or more companies come together to form a partnership to pursue a common goal. By teaming up, these companies can leverage each other's strengths and resources to achieve their objectives more quickly and...

How to Gain the Skills You Need to Be a Successful Entrepreneur

Being a successful entrepreneur takes many skills. You need knowledge in business, leadership, and critical thinking, among others. Having the necessary skills is what separates a successful from an unsuccessful entrepreneur. To gain the skills you need you can get...

How To Conduct An Instagram Competitor Analysis

As an entrepreneur, it’s best to keep in mind the following: in a world where brands and businesses compete for attention, you must have the right strategies to stay on top of your game. Analyzing competitors is one of the few proven ways of replicating the success of...

8 SELF-CARE TIPS TO BEAT BURNOUT

Burnout is a feeling when you feel drained and sluggish, find it difficult to perform even straightforward chores, or become so anxious that you snap at the slightest provocation. When you cross the threshold and become too exhausted to function, it can be a...

Tips for Setting Up a Zero-Waste Office

Have you heard of the zero-waste movement? Are you interested in making more environmentally friendly changes in your own office? Check out our top tips for setting up a zero-waste office! First, let’s take a look at the origins of the zero-waste movement. Who Started...

Are leaders born or made?

While some people might already have the qualities and skills that make them great leaders they can still improve their leadership abilities. Even if someone doesn't seem to be a leader, that doesn't mean they won't learn leadership skills from a leadership training...

What Makes an Effective Leader in the Workplace

There are many aspects of a business and workplace that impact the success and efficiency of the business. Everything from office layout, to morale, even to the type of tasks assigned to different employees, can make or break the efficiency and success of a business....

All you need to know about Staff Augmentation: Business Solutions

With the Information Technology sector looking for better avenues to improve their work productivity and scalability, an innovative alternative to hiring. While the method is still in progress and is slowly gaining more visibility, staff augmentation is one of the up...
Tips for Setting Up a Zero-Waste Office

Tips for Setting Up a Zero-Waste Office

Have you heard of the zero-waste movement? Are you interested in making more environmentally friendly changes in your own office? Check out our top tips for setting up a zero-waste office! First, let’s take a look at the origins of the zero-waste movement. Who Started...

All Categories

Business Operations

Entrepreneur Interviews

Marketing, Networking, & Social Media

Self Care & Personal Development

Working Moms

Business Software and Technology

Entrepreneurship & Small Business

Organizing Tips

Sales

Career Building

Family Businesses

Inspiration

Starting Your Own Business

Work-Life Balance

Communication

Hiring Help

Management & Leadership

Time Management & Priorities

Women in Leadership

Recent Posts

How to Avoid Tax Trouble at Your Business

How to Avoid Tax Trouble at Your Business

As a business owner, you know how important it is to stay on top of your finances and taxes. But if you don’t have the knowledge or resources to do it yourself, getting help can be the best way to make sure everything is handled properly.  Here’s an overview of some...

What to Do When Your Vehicle Lease Comes to an End

What to Do When Your Vehicle Lease Comes to an End

As your vehicle lease reaches the end of its term, you are presented with three options: return the car to the dealership, sell the lease or buy it outright. Each choice obviously has benefits and drawbacks that must be weighed before making a decision. In this...

The Power of Women-Owned Small Businesses

The Power of Women-Owned Small Businesses

     Women-owned small businesses are on the rise, and their impact is undeniable. In fact, in 2019 alone, women-owned nearly 12 million businesses that employed nearly 9 million people and generated over $1.9 trillion in revenue. From retail to technology to finance,...

Nyago Michael Emmanuel

Nyago Michael Emmanuel

We invite many people who can invest in our Akiba Ya umoja community benefit savings and investment group of Uganda to enable us expand our operations in Uganda

Soe Tun: The Copy Doctor

Soe Tun: The Copy Doctor

Autistic kid finds out that he’s unemployable and doesn’t enjoy most social settings. Decides to be a pro copywriter as a result.

Annie Anderson – Business Strategist & WordPress Creator

Annie Anderson – Business Strategist & WordPress Creator

Annie Anderson is the owner and digital creator at Midnight Rebel Digital Co. With over 25 years experience in design and development and more than 15 years experience with WordPress, Annie is a great person to have in your corner when it comes to websites, tech, and systems.