subject: Employee Incentives And Flexible Benefits Will Retain A Strong Workforce [print this page] If you run your own business then you will understand that maintaining a strong and highly motivated workforce is the key to success. Many businesses have suffered in the economic crisis of the past few years but those who have pulled through have done so by looking for new and innovative ways of generating business. One of the best ways to achieve this in the workplace is by offering suitable rewards or incentives scheme.
Your new scheme could offer awards for outstanding performance or obtaining new targets. A reward for long service will aid employee retention and even a simple suggestion scheme will make your employees feel as though you value their opinion. It could even highlight potential new business opportunities that you may not have considered. These schemes do not have to be expensive and the benefits you reap will far outweigh the initial costs of implementation.
There are a variety of ways you can offer rewards depending on what sort of budget you have available. A voucher scheme is the most simple but a rewards card offers a little more flexibility as it can be topped up with any amount of money and then used in over 130 high street stores. If you want employees to treat themselves to something a little different then a compliments experience card could enable them to try something they have never done before.
In addition to a rewards scheme it is often a good idea to have some kind of flexible benefits scheme in place that will demonstrate to your employees that you understand and care about their needs. Since you will more than likely have a varied workforce it is a good idea to offer a flexible benefits scheme that your employees can tailor to their needs. This may include things like child care vouchers for those with families or carer vouchers for those who need a welcome break from looking after a loved one. Employee discounts are another great way to offer a range of potential savings, giving your employees the opportunity to access a wide range of online discounts on everything from holidays and travel insurance to food and drink.
Incentives and flexible benefits schemes dont have to be costly or time-consuming. In fact if you take advantage of an online service then all of the implementation will be taken care of for you. You can customise the scheme to suit your needs and even use a personalised system that allows you to reward each individual for their efforts.
