Corporate Awards

Financial And Non-Financial Corporate Awards

Corporate awards may be of the financial or the non-financial variety. Both can be extremely motivating. It all depends on what your staff members want. The combination of the two types can help you maximize the effectiveness of your corporate awards program. Taking a look at both helps you to see their appeal.

Non-Financial Corporate Awards

This type of award is more popular than you may think. It caters directly to the needs of employees' busy lives. Extra money may be nice, but the benefits of extra time and convenience can also go a long way to inspire improved work performance.

Flexible working hours are one incentive that you may not have considered. Because of busy lives and familial responsibilities, employees will appreciate being rewarded for their hard work with this level of flexibility. Coordinating their schedules to have times for their spouses and children can have employees wishing there were more free hours in a day, and being able to choose which hours are free can work wonders. Being able to tailor their work schedules around their lives is actually a further incentive to maintain top performance standards because employees will want to maintain the ability to have flexible schedules.

Remember it is not just financial awards that people are looking for. They are looking for better lives, and that means being able to fit their work lives and their home lives together as easily as possible. They do not want to have to sacrifice either to be successful at both. Offering the ability to have flexible hours can be a powerful incentive to work harder.

In the same way, the ability to work from home one day a week can also go a long way toward motivating performance. This perk has the added benefit of allowing employees to prove that they are trustworthy whether in the office or out. Employees can earn this trust and be rewarded for their efforts. It can become not only a convenience but also a status symbol.

Financial Corporate Awards

Financial awards can include cash bonuses, merchandise, or travel incentives. Of the three, travel incentives are the most effective.

With travel incentives, you are offering more than monetary value. You are offering an experience. A lump sum of money is nice, but a dream vacation holds an appeal that a lump sum of money does not. It appeals both to the employee and to their spouse allowing them to enjoy the hard work that was put in in a special way.

They can associate once-in-a-lifetime memories with this type of incentive. These memories will last forever and will continue to motivate the employee for a long time after the vacation has passed.

Corporate awards can be of the financial or non-financial variety. While the effectiveness of the non-financial type of rewards may be harder to picture, they can offer benefits to employees that financial awards cannot. In the end, offering both types of incentives may prove to be the most beneficial both for employees and for the company.

At On Point we help our clients increase their results by designing and executing unique incentive and recognition programs using the most sought after Sports and Entertainment Events to deliver the "Wow". For more information on how we can help you recognize your top performers, please contact us directly at 1800-809-1277.

Incentive Program Services Travel Reward Card Program Incentive Ideas First Name: Last Name: Email Address: unsubscribe		View cart Print Corporate Awards Financial And Non-Financial Corporate Awards Corporate awards may be of the financial or the non-financial variety. Both can be extremely motivating. It all depends on what your staff members want. The combination of the two types can help you maximize the effectiveness of your corporate awards program. Taking a look at both helps you to see their appeal. *Non-Financial Corporate Awards* This type of award is more popular than you may think. It caters directly to the needs of employees' busy lives. Extra money may be nice, but the benefits of extra time and convenience can also go a long way to inspire improved work performance. Flexible working hours are one incentive that you may not have considered. Because of busy lives and familial responsibilities, employees will appreciate being rewarded for their hard work with this level of flexibility. Coordinating their schedules to have times for their spouses and children can have employees wishing there were more free hours in a day, and being able to choose which hours are free can work wonders. Being able to tailor their work schedules around their lives is actually a further incentive to maintain top performance standards because employees will want to maintain the ability to have flexible schedules. Remember it is not just financial awards that people are looking for. They are looking for better lives, and that means being able to fit their work lives and their home lives together as easily as possible. They do not want to have to sacrifice either to be successful at both. Offering the ability to have flexible hours can be a powerful incentive to work harder. In the same way, the ability to work from home one day a week can also go a long way toward motivating performance. This perk has the added benefit of allowing employees to prove that they are trustworthy whether in the office or out. Employees can earn this trust and be rewarded for their efforts. It can become not only a convenience but also a status symbol. *Financial Corporate Awards* Financial awards can include cash bonuses, merchandise, or travel incentives. Of the three, travel incentives are the most effective. With travel incentives, you are offering more than monetary value. You are offering an experience. A lump sum of money is nice, but a dream vacation holds an appeal that a lump sum of money does not. It appeals both to the employee and to their spouse allowing them to enjoy the hard work that was put in in a special way. They can associate once-in-a-lifetime memories with this type of incentive. These memories will last forever and will continue to motivate the employee for a long time after the vacation has passed. Corporate awards can be of the financial or non-financial variety. While the effectiveness of the non-financial type of rewards may be harder to picture, they can offer benefits to employees that financial awards cannot. In the end, offering both types of incentives may prove to be the most beneficial both for employees and for the company. At On Point we help our clients increase their results by designing and executing unique incentive and recognition programs using the most sought after Sports and Entertainment Events to deliver the "Wow". For more information on how we can help you recognize your top performers, please contact us directly at 1800-809-1277.