What Are the Pros of Incentives?
- Having a good salary and benefits package is great, but having extra incentives for a job well done makes workers feel appreciated. That decreases turnover and increases profits.
- Offering incentives for a good job creates a sense of caring or kinship in the worker and, over time, it increases the worker’s loyalty and their investment into the welfare of the business.
- Having a tangible reward tied to their performance is a simple method of motivation and combats boredom.
- They are easy to include in any industryor working environment. The rules which govern how the incentives can be earned must be clear and precise.
Leadership
