In today’s slowly recovering economy, employers are diligently searching for ways to reduce spending. Companies are reducing the number of employees, slashing benefits and reducing or eliminating employee incentives and rewards. Employees are working longer hours, have increased responsibilities, and in some cases are working at a reduced rate of pay. With these necessary budget cutbacks, employers now need to find a way to encourage their workers to work the necessary hours (sometimes longer hours) and make better use of work time - all while maintaining a safe and healthy workplace environment.
Employers can achieve this by using rewards and recognition.
Incentives are a way of life. Parents use incentives to motivate their children. Companies use incentives to reward CEOs. Retailers use incentives to boost sales and generate customer retention and loyalty. Employers use incentives to promote wellness and safety in the workplace.
Safety in the workplace is about preventing illness and injury to employees. Therefore, it’s about protecting the company’s most valuable asset: its workers. By protecting employees’ well-being, companies reduce the amount of money paid out in health insurance benefits, workers’ compensation benefits and the cost of wages for temporary help. Also factor in saving the cost of lost work hours, time spent in orienting temporary help, not to mention the programs and services that may suffer due to fewer qualified providers, and the stress on those individuals who are picking up the absent workers’ workload.