Building an Incentive Program that Actually Works
One of the hardest budget-juggling tasks is employee travel. Companies usually have partnerships with certain carriers, but those carriers aren’t always an employee’s preferred airline—the one where they have the frequent flier miles.
Meet in the Middle
Jennifer suggests having employees join frequent flier programs at participating airlines so that when they earn points for traveling coach for business, they can accrue enough points to get a free vacation or a gift card to their favorite retail store.
“Of course, this is just one instance where incentives can be used. You can tailor your company’s needs to whatever situation fits. Whenever the company can benefit from employees behaving a certain way, incentives can be used to guide that behavior.”
That’s the lesson learned here—an effectively run employee incentive program can not only save your company thousands, but it’ll also make your staff feel good about working for you.
One very important reminder: keep it simple. The more complex the incentive program, the less likely it’ll stick.