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Why Does Motivation Matter?
Motivation is necessary to remain focused on the goal. Incentives are tied to motivation by giving the individual an objective or a reward to work toward.
Motivation: the act or process of giving someone a reason for doing something. (Miriam-Webster Dictionary)
Why Are Incentives Important?
Employees need goals to work toward, and incentives can be monetary or nonmonetary rewards used to inspire individuals to achieve their goals.
Incentive: something that encourages a person to do something or to work harder. (Miriam-Webster Dictionary)
Types of Incentives
Rewards can be awarded to all employees, or employees who participate can be entered into a drawing for a chance to win. Drawings can be monthly, quarterly, or annually.
Monetary
- Health-related promotional items.
- Company SWAG (stuff we all get).
- Gift cards.
- Cash.
- Tickets.
Nonmonetary
- Certificates.
- Badges.
- Trophies.
- Preferred parking.
- Additional vacation time.
- Recognition in meetings.
- Dress down day.
- Front of the line for a workplace holiday meal or potluck.
- Extra lunchtime.
Participation
Reimbursements for the following:
- Gym membership.
- Weight management program.
- Entry fees for walks, runs, cycling, or other health-related events.
KEMI does not assume liability for the content of information contained herein. Safety and health remain your responsibility. This information is to be used for informational purposes only and not intended to be exhaustive or a substitute for proper training, supervision, or manufacturers’ instructions/recommendations. KEMI, by publication of this information, does not assume liability for damage or injury arising from reliance upon it. Compliance with this information is not a guarantee or warranty that you will be in conformity with any laws or regulations nor does it ensure the absolute safety of any person, place, or object, including, but not limited to, you, your occupation, employees, customers, or place of business.
