Australia is the lucky country. Employment is at its lowest level in decades. We are hearing in the media about the great resignation worldwide. Retaining staff members can be difficult, especially in today’s economy. So how can you keep your team together and motivated?
Have you though about an incentive for your employees?
Incentives help ensure that your employees feel valued and inspired, which in turn increases their productivity levels, promotes retention and gets team members excited about their work!
We recommend you pay bonuses based on results, not because it’s Christmas or a birthday. It’s an incentive for employees to work together and achieve higher profits, which you then distribute among the teams accordingly- it’s all managed from the bottom up.
It helps shape behavior and ensures that everyone works together as a team. If an employee doesn’t perform well, it affects their team; but if they do really well the whole team benefits.
This way, it addresses many things such as employees can earn more if they “increase the pie”. It’s managed from the bottom-up, meaning they can determine how much they can earn in bonuses.
We’ve seen that paying incentives based on results is a great way to ensure that employees feel valued and inspired. This, in turn, increases their productivity levels, promotes retention, and gets team members excited about their work!
What type of incentive program do you have in place at your practice? Do you think it could be improved? Want some help in setting this up? Book here