Every small business should consider a motivation strategy for employees, once the business has reached a point where it begins to bring in profits. Letting employees know that they are crucial to the growth of the business through a benefits programme, will prove to be cost effective in the long run, by retaining loyal and hardworking staff.
Employee benefits are a crucial part of your motivation strategy, and you should think hard and think right before cutting down on any existing benefit programmes. Rewarding employees for exceptional work and meeting challenging targets, or implementing a monthly ‘Star Employee’ scheme, can provide additional motivation to your staff and they will put in their best efforts to bag the title. This spells success for your business.
Offer Something Special
The advantage of creating your own employee benefits package is that you can tailor it to fit the needs and interests of your staff. Almost all employees will welcome rewards such as gift vouchers, and some will be willing to part with small amounts from their salaries to contribute towards family healthcare and childcare programmes which the company sponsors.
Create Healthy Competition
Letting the employees know what they will receive when they put the extra effort in is a key part of motivating them to do more. Showing your appreciation and congratulating them for achieving the desired target will serve as a motivating factor for other employees too. Creating an environment of healthy competition between the members of the team can bring about amazing results. Employees will look forward to a possible unexpected bonus for themselves and their families, if they work hard enough to win. The pot of gold at the end of the rainbow always spurs peak performances. A well structured, substantial benefits package will see a visible rise in employee motivation.
It does not need rocket science to know that a contented workforce is a more productive workforce. Happy staff generally tend stay on with the company for longer periods. When a company shows that it cares by offering attractive benefits and flexible work style and incentives, employees are bound to try and reach their full potential.