Corporate incentive and reward programs, if properly designed and implemented, can go a long way toward motivating employees and increasing efficiency. This type of positive result is especially important for high-quality employees or the best talents who, if they are not properly motivated, might think about leaving the company.
A Forbes article, Ten Top Reasons Why Big Companies Can’t Keep Their Best Talent, written by Eric Jackson, says that one of the main reasons why quality employees leave is because companies don’t place them. in the right projects. It really makes sense to invest people in projects that they like the most and those that stand out, but many companies do not take this into account. Mainly because they do not have a specific employee work plan. A well-designed corporate rewards program, which should include comments and performance analysis, which will give you an idea of the employee’s progress and where he stands out, can provide some sort of solution.
Why prefer a company’s performance review?
In addition, one of the main reasons that talented employees prefer to leave the company is the annual performance review, which is essentially superficial and, in the end, useless. If the annual performance review is ineffective or if you are in a hurry and do not get attention and deliberation, the employees get the impression that the boss and perhaps the company are not interested in the long term with the employees. Again, a good reward and feedback system can help. An easily accessible feedback system that provides quick feedback and helps managers track progress on very specific conditions can help employees see the big picture the company has for them.