According to a study by Harvard Business Review, companies with comprehensive wellness programs see a nearly 8% increase in employees who reach their annual performance targets. Innovative strategies, such as summer wellness initiatives coupled with an effective incentive system like gift cards, could be your ticket to harnessing this potential in your business.
Employee performance is often viewed as separate from organization business goals. This is a siloed way to view performance. Instead of viewing them separately, treat employee performance as a leading indicator of your organization’s performance against its business goals. If your people are excelling, so will your business. Here are five ways you can measure employee performance, and motivate and retain your top talent.
Every business wants to get off to a fast start in the new year. The easiest way to do that is to increase employee performance and ensure you’re getting the best out of your whole workforce right at the start of the first quarter. Here are five ways to maintain and increase employee performance in 2023.
Genesis Associates, a British-based recruiting firm focusing in the sales, engineering, and creative sectors, recently surveyed employees to try to determine exactly how important incentives were in the workplace. Their findings were astounding. 85% of responding workers indicated that they do their best work when an incentive is involved. That’s not just better work, or they work harder, that is their best. Don’t you want their best all the time? This survey adds to the proof that incentives are no longer an option but a necessity to maintaining a positive work environment. Of those surveyed, 73% indicated that their work atmosphere was good or very good during an incentive period. So what do you give employees to properly incentivize them? The survey also went into the incentive itself. They saw:
It's often a conundrum for most employers to create employee loyalty within their company. Figuring out how to motivate employees, keep them happy and prevent them for looking for other employment is a major concern, especially given the diverse interest and priorities between Baby Boomers and Millennials. Where do you start? What would the budget look like, if there even is one? Maybe this will help. Towergate Insurance performed a recent study and created an infographic to try to answer the question,
