3 Easy Ways To Incentivize Your Employees

It should almost go without saying that a happy employee is a more productive employee — but what makes for a happy employee? Even when you know you’d like to better reward and motivate your staff members, how do you do it?

It should almost go without saying that a happy employee is a more productive employee — but what makes for a happy employee? Even when you know you’d like to better reward and motivate your staff members, how do you do it?

To help answer these questions, you need reliable, effective strategies for employee incentives — the kind that actually motivate. From bonuses to gift cards for business incentives, here are three easy ways to drive behavior in your employees — so they’ll be more motivated, your business will be more productive, and everyone can be happier in the process.

  1. Profit sharing: Here’s an incentive idea that pays for itself — reward your employees when they accomplish achievements. Whether you’re talking about sales-based commissions or rewarding a percentage of profits from an event to its organizers, this type of incentive works because it ties the reward to the business goal. If you’re trying to boost sales, drive new membership packages, or just boost profits overall, rewarding your workers with a small chunk of the payoff gets them enthused with the same goal you have.
  2. Bonuses: The every-popular incentive of bonuses is still useful for a reason. When you want to drive a specific behavior, like better work attendance, for example, which won’t necessarily directly boost profits, profit sharing won’t work. You want another effective way to reward the intended behavior. Bonuses are employee incentives that have mass appeal, can be customized to the level of achievement and carry great sway with workers.
  3. Gift cards: When you’re looking for a one-size-fits-all approach to incentives, it can be hard to think of a reward that will appeal to everybody. One surefire bet is gift card incentives. Essentially cash, gift cards treat your employees to a little extra, whether that little extra is dining out, shopping at the mall, taking a trip or buying new furniture. However, unlike cash, gift cards tend to feel more like spending money to recipients, which makes them especially enticing. While a company bonus may feel like a bigger paycheck, gift cards feel like a real reward.

In all three of the above examples, you find incentives that have three things in common: From gift card incentives to profit-sharing options, these are incentives employees actually want, they can work for bulk needs, and they can be customized to your specific business and its goals. While it’s true that no single incentive can guarantee a happy employee, these ideas are a great step in the right direction.

When you show your workforce that you’re paying attention to its accomplishments, it matters. Get employees motivated to achieve your goals, and you get your entire company working together and on the same page.