Rocky economic times have put a damper on plans to award raises and bonuses. Flexible incentive pools and retention incentives are a good alternative.
Incentive programs can really help bridge the gap from the office to teleworkers’ homes in terms of motivation and communication.
Maximizing employee motivation is essential. Employee motivation can be broken down into two basic sub-groups known as intrinsic and extrinsic motivation.
The start of a new year presents an opportunity to implement employee incentives to manage company performance during economic decline.