Mix the Right Employee Rewards With the Right Performers
Every organization has a variety of employee performers. There are over-achievers, those who put in the work 9-5 and play their role and then the under achievers who could maybe put some more work in more of the time. Ensuring that your employee rewards match each type of performer and each individual employee's performance. Here are 3 tips to keep your employee rewards program in line.
Increasing Company Profitability with Wellness Programs
In today's corporate landscape, employee health is a top priority for organizations seeking to maintain a productive and thriving workforce. With conditions like diabetes affecting millions across the United States, the need for proactive measures to address health issues has never been more critical.
Top Cities for Employee Recognition
What do cities like Huntsville, AL, Nashville, TN and Orlando, FL have in common? They made the top 10 in Quantum Workplace's list for
Best Cities for Employee Recognition. Quantum's survey polled nearly 5,000 organizations and 400,000 employees to identify the top cities for employee recognition based on which contained those employees most satisfied with their employee recognition programs. The report evaluated employees' perceptions of 11 types of recognition, frequency of recognition and satisfaction levels. In order to be considered for this data set, each city was required to have held a Best Places to Work contest with the participation of more than 70 organizations.
Stop Thinking of Your People as 'Employees'
If you're looking for a way to inspire your workers, motivate them, and get more out of your team, we have one big tip for you: stop thinking of them as 'employees.' Instead, start thinking of them as people. They're not interchangeable parts that you can tweak and change to get more work out of—they're living, breathing, working people with personalities, priorities, and passions.
Incentives for Millennials
Millennials, those who currently are in the 18-33 age range, will make up 75% of the workforce by 2025. This generation posses an entirely different outlook on workplace culture than the generation before them. Technology is the primary Millennial influence, both in and out of the workplace. What are the best incentives for millennials to be motivated? Growing research shows that point system incentive programs have the highest success level, especially with Millennials. These employees want to not only be recognized, but they also want choices in how they are rewarded as well. Points programs are virtually foolproof, easy to understand, appeal to the interests of many different types of participants, tend to have higher participation rates, and are just plain fun! One amazing employee points program incentive model is the Values In Action program at CVS/pharmacy. An online rewards system where colleagues and managers can recognize one another by granting points that are redeemable for merchandise, travel vouchers, gift cards, and even the option to make a charitable donation. While points programs work best for Millennials, they can be customized for any diverse workforce.
For more information on why points programs are so popular check out this article by Quality Incentive Company.