Employee Incentive Plans
Available from Fox Lawson & Associates, a Division of GBS
Employee incentive plans are incredibly effective means to inspire loyalty, commitment, and earnest hard work. A well-designed plan can improve not only the individual employee's outlook, but the organization as a whole. We at Fox Lawson & Associates, a division of Gallagher Benefit Services, Inc believe that employee incentive plans can help you recognize the star players of your work group, while keeping track of the goals your organization seeks to reach.
One of the most commonly used employee incentive plans is recognition. Does this sound too simple? Don't underestimate the power of positive feedback, open communication lines between managers and support staff, and acknowledgment to truly inspire employee motivation. Our dedicated market surveys reveal that although payment is the most vital incentive for any staff, recognition can promote a healthy workplace environment, helping you retain your employees' dependability.
A recognition program can highlight several key areas such as length of service, peer recognition, daily or monthly appreciation days, or particular recognition for a specific job well done. When you are developing an employee incentive plan, it is important to follow a path that ultimately leads your organization forward towards a system-wide goal. This goal should positively affect not only productivity, but also relationships between supervisors and staff members.