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Affiliate Network
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Barter
Rewards Finding ways of rewarding valued employees for their performance is always challenging, particularly in the midst of a vibrant New Economy with low unemployment and a scarcity of able workers. Hiring and retaining key people means having to offer added incentives and benefits to round off an employment package. It also means that businesses and entrepreneurs have to find new, cost-effective ways of creating incentive and rewards programs without creating new expense categories that affect the bottom line. You also may need to give gifts, merchandise, gift certificates, or other incentives to your company's important vendors and clients. Why do companies use rewards as part of their human resources plan? This simple answer is: Because it works, and increases performance, loyalty, and profitability. "Rather than augment wages," said Entrepreneur Magazine, "an increasing number of multinational companies are exploring stronger rewards programs to get better performance from their employees . . . 'What companies are trying to do is control their fixed costs and provide more in the way of incentives . . .' says Michael Keppler, principal and human resource consultant with New York City-based Towers Perrin." Click here to learn more and join the Barter Rewards program.
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"Companies
use tangible incentives, such as merchandise, to distinguish their
incentive campaigns from cash compensation or pricing issues so that
the campaigns do not become an expected part of an employee's,
agent's, or dealer's income. Merchandise is used in business to
recognize and thank people for performance in much the same way that
people give gifts in their social lives." "With
recognition . . . the objective is to express thanks for exceptional
performance and to create role models throughout the organization.
While employees may not want to talk about about their $5000 bonus,
they'll gladly boast of the free trip they received, the gift
certificate, or some other desirable
award."
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