Incentives are an important component in improving operational performance and sustaining productivity levels over time. A thoughtfully designed and fairly applied incentive program will motivate employees to exceed minimum work requirements in order to receive additional rewards and will improve the productivity of an entire operation.
Argent has designed and implemented incentive programs for numerous clients. These programs incorporate quality, productivity, safety, and attendance and reward individuals when they exceed established goals.
Accurate productivity goals and standards are the foundation for a successful incentive program. If accurate and reliable goals and standards are not in place, the employer will pay out incentives for work that should have been part of the minimum expectations for the job function and will disenfranchise employees that are striving to meet unfair quotas. However, when implemented properly incentives provide many benefits for both the employeer and hourly associates including the following:
- Increased productivity
- Improved employee retention
- Improved morale
- Reduced costs