Many incentives are offered to all employees, such as reimbursement for course tuition. Most rewards are given to individual performers. The most effective rewards are immediate and spontaneous. WHY ARE REWARDS AND INCENTIVES IMPORTANT? Because most rewards and incentives are not tied to salary, they are not repeat costs like wage raises. They encourage higher productivity, increase motivation, and enhance staff morale and job satisfaction. By helping to create a positive work environment, employee retention is increased. The staff understands that their efforts are recognized and appreciated. This nurtures goodwill between the employer and employees. When incentives and rewards are tied to organizational targets and goals, job performance is connected to them as well. This helps employees better understand how their roles are connected to the overall success of the organization. And if rewards and incentives are tied to team targets, teamwork is enhanced. LINKS: The following links provide information on reward and incentive programs. For more information on employee retention and using creative rewards and incentives, please refer to page xxviii. RETENTION STRATEGIES Using Flexible Work Arrangements WHAT ARE FLEXIBLE WORK ARRANGEMENTS? Flexible work arrangements are the use of non-traditional working arrangements, schedules and/or work places. Most common flexible work arrangements are: Flextime – in which employees start and end their workdays at non-traditional times, as long as the number of hours worked per day is standard Compressed work week – in which the employee works fewer than five days, as long as the number of hours worked per week is standard Job Sharing – in which two employees share the responsibilities of one full-time job Telecommuting – in which the employee works from home or another location WHY ARE FLEXIBLE WORK ARRANGEMENTS IMPORTANT?
Many incentives are offered to all employees, such as reimbursement for course tuition. Most rewards are given to individual performers. The most effective rewards are immediate and spontaneous. WHY ARE REWARDS AND INCENTIVES IMPORTANT? Because most rewards and incentives are not tied to salary, they are not repeat costs like wage raises. They encourage higher productivity, increase motivation, and enhance staff morale and job satisfaction. By helping to create a positive work environment, employee retention is increased. The staff understands that their efforts are recognized and appreciated. This nurtures goodwill between the employer and employees. When incentives and rewards are tied to organizational targets and goals, job performance is connected to them as well. This helps employees better understand how their roles are connected to the overall success of the organization. And if rewards and incentives are tied to team targets, teamwork is enhanced. LINKS: The following links provide information on reward and incentive programs. For more information on employee retention and using creative rewards and incentives, please refer to page xxviii. RETENTION STRATEGIES Using Flexible Work Arrangements WHAT ARE FLEXIBLE WORK ARRANGEMENTS? Flexible work arrangements are the use of non-traditional working arrangements, schedules and/or work places. Most common flexible work arrangements are: Flextime – in which employees start and end their workdays at non-traditional times, as long as the number of hours worked per day is standard Compressed work week – in which the employee works fewer than five days, as long as the number of hours worked per week is standard Job Sharing – in which two employees share the responsibilities of one full-time job Telecommuting – in which the employee works from home or another location WHY ARE FLEXIBLE WORK ARRANGEMENTS IMPORTANT?