Have you ever experienced a lack of engagement in your workplace? Having less-motivated team members affects your productivity – instead of growing, it decreases. Maybe it’s time to learn more about having an incentive program.
Having an incentive program in the workplace can be an excellent way to improve your team’s productivity, motivation, and engagement amongst your team members. It enhances quality in your workplace and encourages the group to accomplish a goal. Does an incentive program really work?
Well, let’s find out….
Benefits of an incentive program:
- Improving business goals
- Improving the quality of work
- Increasing morale
- Lowering costs
- Improving company culture
When an incentive is offered, 85% of your team members will feel more motivated to do their best. A study by the International Society of Performance Improvement says that Incentive programs can increase performance by up to 44 percent in teams and 25 percent in individuals.
Businesses that use incentive programs also see three times greater annual revenue growth than those that don’t. Professionals who are happy with their benefits are more than twice as likely to be content with their jobs as well.
As a leader, do you want your team members to be happy and give their best? Trust the power and benefits of having an Incentive program.
