The influence of employee reward schemes on increased job satisfaction and workplace productivity is well documented. Perks and benefits can drive your staff to excel; inspiring them to maximise their performance to qualify for rewards. Rewards schemes can also make your team feel appreciated and valued, which can support the development of loyalty and a sense of worth within your company.
Put simply; there are a lot of reasons to incorporate reward schemes into your company culture.
When it comes to the deployment of rewards, there are many types of incentive structures available. Common programs include personal recognition — such as employee of the month — and financial bonus schemes for hitting objectives.…Continue reading