Organisations are getting more aware of the importance to create a healthy and conducive work environment for their employees. The success of any organization relies on the performance of its work force. Giving the right rewards by using incentive programmes ignites the right work attitude and performance levels. Each employee feels appreciated when recognised and rewarded for their individual efforts.
Employers who keep their employees engaged and rewarded are recorded to be 21% more profitable (source How Employee Engagement Drives Growth (gallup.com)) than those who do not. 70% of employees who are rewarded are also easily motivated to do more without compulsion (source 50 Employee Recognition Statistics You Need to Know In 2023 – Springworks Blog).
More organisations are increasingly appreciating the importance of personalising incentives for their employees, as individual preferences differ for performance motivation. The extra efforts employers put into employee rewards, resonates with their staff as being valued and recognised.
Giving employees the value of preference for reward choice (personalised incentives), also helps reduce the efforts required to constantly push for performance or drive results. This gives managers the necessary time required to run the business without encumbrance. Current trends in personalised incentive choices by employees are:
Ultimately, the goal for implementing personalised employee incentives, is to create a more motivated and engaged workforce. When employees are satisfied by their employers through acknowledging individual preferences and their contributions to organisational success, employers are also able to retain their top talent and declare profits in a competitive business market.
Uwin Iwin Incentives Pty, Incentive Programmes | Uwin Iwin Performance Incentives is a pan African full house incentives company that has 30 years’ experience in providing companies and organisations with inspiring incentive solutions in Africa, India & the Middle East. We collaborate with organizations to unlock market potential and enhance productivity through our innovative reward solutions. Our vision is to deliver first-class incentive programmes, using modern and creative approaches to drive business success. We are eager to form strategic partnerships and help your organization achieve its goals. For more details, please contact us at info@uwiniwin.co.za.
Adeshola Ekpo is the Business Development Director for Uwin Iwin based in Lagos Nigeria and has been with Uwin Iwin for 8 Years. In Her role as Business Development Director, she is responsible for business plan & sales strategy development, Designing and implementing Incentive Programs for Employees, Sales and Distribution channels as well as Business Relations and generation within Nigeria and Ghana.