Berkeley Payment Solutions - providing businesses with customized employee incentive programs in North America.

1. Benefits of Employee Incentive
Programs

2. • Employee incentive programs
are often used in industries
where performance is
measurable, such as sales.
Incentive programs provide
rewards like cash, gift cards or
extra time off to employees for
reaching agreed upon goals.
Typically, incentive programs
have several benefits.

3. Job Performance
• It’s no secret that job
performance has a lot to do with
the success of any business.
When employees are performing
their jobs well, productivity
increases and so do company
profits.
• Implementing an employee
incentive program helps to keep
everyone engaged in their work
and motivated to do well. If the
program is planned and laid out
to include both short and long
term goals, the spike in
productivity can last for quite
some time.

4. Job Satisfaction
• Anyone who works in any industry likes to feel
appreciated and valued in their job. If employees go to
work each day feeling as though their employer really
values their contribution, they will be motivated to work
hard and will never look elsewhere.
• Incentive programs are one way to improve job
satisfaction and create a happier work environment for
both employers and employees. Knowing that the
potential reward is there for the taking adds to the work
environment and creates the reputation that the
company really cares about the happiness of its
employees.

5. Teamwork
• There aren’t too many businesses
that excel without the employees
working together as a team. When a
group of employees are working
toward a common goal, it helps
everyone set aside their own issues
or annoyances for the good of the
team.
• Basing incentive programs on team
goals rather than individual goals
will encourage employees to work
together and to pull their own
weight individually. It’s wise to
make the incentives reachable with
a solid effort, so all members of the
team stay focused and believe that
they can reach the goal.

6. Company Savings
• An incentive program doesn’t only benefit the employees. The
company can also realize savings that are greater than the
rewards they are handing out as part of the program.
• With a good incentive program, there are fewer sick days
taken, fewer recruitment costs and less employee turnover.
The increase in profits realized from improved job
performance must also be factored into the equation.
• Setting up a successful incentive program isn’t always simple,
but once it is in place and working the benefits will quickly
become apparent. It is the goal of every company to have
employees who want to come to work and want to work hard
as a team once they get there. An effective incentive program
can make this happen.