What Incentives Do Employees Want?
Delivering employee incentives can only be effective if the incentives available are satisfying to employees. Here are a few popular employee incentives according to a new
Wicke's For Business article.
Travel Packages: Sending employees on a trip for a job well done on a big project, or as part of a bonus is becoming an increasingly popular option for employers. It creates a memorable experience for employees and carries a fixed cost for employers.
Gift Cards: Gift cards to popular retailers such as
CVS/Pharmacy,
Boston Market and
Crutchfield carry the same flexibility of cash but have better trophy value. Employees are more likely to use the gift card on a special occasion, rather than cash bonuses that often get rolled in to paying bills and household costs.
Social Rewards: Giving public praise and socializing employee rewards is a great way to reinforce desired behavior. Public praise does not only reward one employee for a job well done, but it shoes other employees what management is looking for in employee performance.
Corporate Wellness: Fostering Employee Health in the Workplace Through Meditation
The answer for the slow, tired feeling at work used to be reaching for a cup of strong black coffee but for a well-known company in California the cure comes from something a little more natural, meditation. Meditation is a growing trend, not just with Google, but with several other big names like
of Twitter and Facebook that are making contemplative practices key features within their companies. “Across the Valley, quiet contemplation is seen as the new caffeine, the fuel that allegedly unlocks productivity and creative bursts,” writes Wired writer Noah Shachtman in his article
Enlightenment Engineers. You don’t need to be a company as large as Google or Facebook to take advantage of this growing trend.
Yo-Fi Wellness is a company devoted to employee wellness and offers the latest in corporate wellness incentives for companies of any size. Meditation, yoga, fitness and nutrition are all offered on their online platform, bringing healthy living initiatives to employees through inspiring and instructive video programs. Corporate wellness is directly related to a company’s bottom line so it’s important to find the best way to incorporate it in your organization. Set a tone of health with your employees. Whether it be through education, engagement or motivation with incentives, find out what works best for them.
Showing Blood Donation Appreciation with Gift Cards
According to the Red Cross, every two seconds someone in the United States needs blood. And because red blood cells have a shelf life of 42 days (and platelets a mere 5 days), new blood donations are always needed to battle shortages.
Professional Development Boosts Employee Morale
Employee morale can dip at the end of the summer, so around this time of year it is important to make sure you support morale around your office to maintain productivity, retention rates and general workplace happiness. Professional development can be a great way to shake up the day-to-day office routine. Professional development also serves as a morale booster because it shows employer commitment to the workforce. Investing in employees' skills and ensuring they have the latest training in their field is a great way to show you are committed to their professional development now and into the future. If you commit to the well-being of your employees, they will feel greater loyalty and satisfaction at their job and it ensures the well-being of your organization. Check out the infographic to learn more about how professional development can boost morale at your office.
Google Wallet Dumps Gift Cards...Does It Matter?
Google announced earlier this month that as of August 21st it would suspend support on Google Wallet for gift cards and loyalty cards (often utlizing point systems). This seems like it could be a blow to the gift card industry, like for those who sell bulk gift cards, as it limits the ways gift cards can be distributed and redeemed. However I am scratching my head to figure out if we, the gift card industry should even care that much.