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Tuesday, July 28, 2009

Employee Incentive Programs

As the economy continues to waver, even some of the most successful companies are taking some precautionary measures. For starters, Google has laid off a small number of workers, most recently a couple hundred sales and marketing folk. They've also cut back some of their generous cafeteria and child care offerings. The tricky part may be figuring out how to take these cost cutting measures without destroying some of the goodwill they built up. One trick may be to use cool employee gifts, which have a high perceived value, but cost a lot less over the long run than serving up food all day.

Another idea is to have events that explicitly celebrate the workforce, like this Sum of Google event. Again, having regular events to celebrate employees is probably significantly less expensive than providing other perks day in and day out. Commemorating events with t-shirts and other items can also probably extend the lifetime of the goodwill they generate. There's also the added benefit of having a more explicit message, a celebration of their employees, rather than simply a perk that turns into something they take for granted.

As you plan for the future, consider starting an employee incentive program. Whether it is a small gift to reward individual performance or a group event to celebrate hitting a company goal, a little goes a long way with your employees. You don't have to be as big as Google to keep an eye on employee moral...

Give us a call, and we will help you find the right product or idea to help keep your company on track!

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