Employee incentive programs offer solutions for lifting the productivity of all team members - even poor performers - without requiring a lot of additional time from supervisors.
Developing a team into an efficient, cohesive unit is challenging for any department manager. Changing objectives, employee absences and even market conditions can make building high-performing teams seem impossible. As organizational leaders work to create a productive and supportive corporate environment designed to boost productivity, they often spend an inordinate amount of time with underperforming staff members.
A recent survey of chief financial officers by Robert Half International found that supervisors can spend as much as 17 percent of their time overseeing poorly performing employees. This takes valuable time away from the rest of the team that could be used to improve overall performance. To prevent these situations, companies need to provide their leaders with the right tools to improve the quality of work from their entire departments.
Boosting staff performance
Employee incentive programs offer solutions for lifting the productivity of all team members – even poor performers – without requiring a lot of additional time from supervisors. While the incentives can create extra motivation for all employees, the initiatives can be most effective when they outline clear, concise steps that lift the quality of workacross the board.
Specific objectives can be set for each worker to outline the steps he or she needs to take to improve performance. Once these milestones have been reached, workers gain a little reward and recognition, increasing the pride they take in their work and encouraging them to make further improvements. With incentive programs in place, managers can spend more time addressing the needs of their entire departments, rather than focusing on underperformers or new hires.
Developing new hires
Reward and recognition programs allow companies to create environments that support the development of new employees. In some industries, the on-boarding process can be very complex, as workers need to be taught a range of company-specific practices or procedures. Incentive programs can be used to outline the specific skills that new hires need to learn.
This practice can make it easier for new workers to gain the feedback they need for their development. The program objectives are clearly outlined, giving each worker goals to obtain. Companies may find that they are able to get new hires up to speed faster, boosting the overall productivity of teams.
Employee incentive programs can be used for a variety of staff development options, from training new hires to helping those struggling to meet performance goals. Taking the time to recognize improvements gives the motivation staff members need to continue striving for higher performance measures.