Bonus and incentive programs are a popular motivation tool with employees. They are normally given for jobs well done or increased employee performance. Rewards come in many shapes and sizes, including monetary bonuses, gifts, or special recognitions; which can make this type of motivation easily flexible among employees. Some employees may not respond to the prize itself, but by becoming personally involved in what they desire and what they want to strive for, you can motivate them to excel and achieve their goals while adding a bonus on the side.
Tips for bonus and incentive programs:
- Determine the bonuses or incentives you want to accomplish
- Decide who will take part in the program
- Develop clear performance goals
- Ensure open communication throughout the program