When employees have done great work, they expect some form of acknowledgment. In a competitive marketplace where your top talent always has their eye on the next stepping stone in their career, your organization must win employee loyalty through tangible appreciation. Budgetary constraints can be relentless, however, and often prevent appreciative managers from offering a raise. If you find yourself seeking creative ways to increase employee retention and reward exceptional worker effort, here are a few useful points to keep in mind.→ Read More
New generations entering the workforce have unique perspectives and expectations about meaningful work and motivating rewards. Savvy employers understand the difference between intrinsic and external (extrinsic) motivators and develop engagement programs that recognize and reward employees for exercising the right behaviors and aligning with company goals.
Outside in: intrinsic versus external motivators
A motivated employee is more likely to go beyond minimum work expectations, deliver high-quality work, and seek out new challenges. Motivation is a quality that energizes and guides behavior, and each of your employees has different motivators:
External (extrinsic) motivators: An employee motivated by external rewards performs work to specifically earn a reward meted out by the employer.→ Read More
This article originally appeared on the Blackhawk Engagement Solutions blog.
Although finding the right rewards and building upon the right tools can be a challenge to implementing a new incentive program, the toughest aspect for any organization is silencing naysayers and getting buy-in from management.
To help with your efforts to build momentum for your incentive efforts, we’ve compiled a list of 23 employee motivation statistics that you can use to sell your supervisors and coworkers on the idea of an employee incentive program.→ Read More
by Andrea Vearncombe, Total Rewards Manager, Achievers
Do you give your employees big annual bonuses as a reward for their work? Or perhaps you just give them out of tradition? If so, you have plenty of company: It’s common to rely on annual bonus plans to build employee motivation and pad salaries. However, a lot of bonus plans aren’t set up in a way that truly motivates good work. There’s a psychology behind rewards and employee incentives that you need to understand before you can create an effective bonus structure.→ Read More