In his recent Forbes article about the Incentives Industry, Peter Cohen bluntly reminds us that jobs are still running short, and that workers who are fortunate to be employed are under stress as they strive to maintain high productivity in a diminished work force. It’s not a new story—we are all aware of how employees absorb additional responsibilities as their associates get laid off. Today’s workforce is functioning more efficiently than ever, working smarter and harder. The new standard of productivity is being set, and the pace will only increase as people’s capacity to accomplish more in less time grows.
But how long can this pace really last? How long until employees show up to work, but have lost their motivation and are just trying to get through the day? This level of detachment reduces productivity, reverses innovative thinking and creates apathy in the workplace.
In order to stimulate higher levels of performance per employee, companies are implementing employee incentive programs to increase employee morale and decrease employee turnover. Incentive programs keep employees motivated to work harder, while reducing the risk of “burning out.” Effective incentive platforms, such as Prepaid MasterCard® Reward Card programs, are growing in popularity as cost-effective methods for motivating and rewarding employees for their rise in efficiency. Likewise, tried and true travel incentives use enticing destinations to not only motivate, but to build a sense of comradery and loyalty that reduces turnover.
Business incentives will need to continue evolving, leveraging technology and insight into human behavior, as they stay ahead of the curve and drive performance in what is already a very driven workforce.
For more information visit our website at www.jnrcorp.com
Senior Registration Manager, JNR Incorporated