In todays competitive environment, it has become a real challenge for employers to keep the motivational levels of their employees always up. Employers are using al most all the techniques that they can think of, to motivate their employees and to increase their productivity levels and to decrease attrition rates in the organization. Motivation is so complex and individualized that there can be no single best way to do it. However, when it comes to corporate world, money in one form of the other can do the trick in most of the cases for the employers. The power of money as a motivator cannot be overlooked at any point of time in any industry. Gift incentives are real good tools to make the employees loyal to an organization.
Gift incentives can be given in many forms. These gift incentives can be in the form of hike in wages, stock options, bonuses, company paid insurance policies, travel incentives or in any other form. As an employer you should asses the need of these gift incentives to your employees at different periods of time. Some of them are very good to be given to employees at a particular time rather than the others. So, it is the function of manager to asses which form is the best at a given point of time.
One of the best corporate gift incentive is an Insurance policy. People are realizing the need of insurance policies from the past few years. If, as an employer you can provide good Insurance policies to your employees, which cover not only them but also their family then they will feel very happy. In this process, you can even turn them as loyal employees to your organization.
Another way is to give performance bonus. If you relate the bonus to the performance at the work place, then it can act as a great motivational factor for your employees to perform at their best. Never pay performance bonus according to their experience.
Travel incentives are another best way of giving way gift incentives. With todays hectic work schedules, employees in any sector are looking for some leisure time to spend with their family, friends and other beloved ones. Hence, if you can offer them attractive travel gift incentives, every now and then, it can act as a great motivational factor.
In this way, as an employer you can use a powerful tool called Gift Incentives to motivate your employees and to make them loyal to your organization.