10 Work Incentives to Attract and Retain Top Talent

You might have started your business on your own, but you won’t keep it running that way. Every good business needs a team of talented workers behind the scenes, making all the magic happen.

If you’re like most business owners, you’ve probably realized building that dream team can be a struggle. It takes a lot of recruiting skill to attract the top talent in your industry—and then you have to worry about how to keep those workers once you hire them.

That’s where incentives come in. The right workplace perks will not only make your company more appealing to talented candidates—they’ll also help you retain the awesome team you already have.

First, you have to know what an incentive is. Here’s a big hint: it’s not money. The salary you pay your employees is compensation for the work they do, not a motivating factor to make them want to do the work. An incentive is the “icing on the cake”—it’s something extra that makes an employee’s job or even their personal life easier.

The perks you offer will help potential employees get a taste of your company culture, so it’s important to keep that in mind when choosing an incentives program. Whatever your company values are, you can find an incentive to match.

• If you value family, let your workers have flexible schedules so they can attend their kids’ events.
• If you value relaxation, try providing in-house entertainment, like music or game rooms.
• If you value fitness, share that passion through paid gym memberships.

The best part about workplace perks is that they’re scalable. Maybe right now you can only afford to give your employees occasional gift cards. As your business grows, you can give away bigger gifts, like electronics or cash prizes. The key is to think about the incentive that best represents your brand and how you can adapt it to fit your budget.

To get started, you’ll need to take a look at the top ten workplace incentives—and why employees want them.

Source: Company Folders

Author: Company Folders, Inc. is the standard bearer of custom printed pocket folders delivering quality products infused with the design knowledge of an advertising agency. Get more information about logo and folder design from their Blog and Design pages.