The year has kicked off with a whirlwind ride and already the first quarter is done and dusted. It’s important not to lose the momentum.
Motivational programmes that offer staff incentives have proven highly successful. They can generate a positive, productive atmosphere.
A powerfull driver
The statistics here are unambiguous and speak for themselves: Research shows that companies with motivational programmes outperform those that don’t by 30% to 40%. This figure is not to be overlooked. Increased productivity will mean, at the very least, lowered costs in production and improved profit margins.
The role of employee motivation is a significant element in the chain of value production. There are various means to increase drive, and ‘progression’ is one of the strongest among them. It’s important to note that ‘progression’ doesn’t only imply change, but the movement towards a target. This means that progress needn’t be confined to upward development: Instead, a manager may set up goals that an employee will find rewarding either in terms of:
Learning,
Personal development, or
Tangible returns.
This last element is where incentives come to the fore. Incentives provide recognition and material reward to those who have earned it.
Esta historia es de la edición May 2018 de Entrepreneur Magazine South Africa.
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Esta historia es de la edición May 2018 de Entrepreneur Magazine South Africa.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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