Implement staff incentive schemes

Introduction

Introducing an effective system of incentives and perks can help you to recruit and retain valuable staff, reward performance and productivity. It can also help you get the best out of your employees.

Incentives are rewards relating to certain goals. Perks are benefits on top of basic salary. Incentives and perks can be financial or non-financial. You can also have individual and group or team incentives.

This guide will help employers understand the benefits of offering incentives and perks whilst outlining different available options. It will also look at how you can decide what to offer and how to monitor the effectiveness of any selected scheme.

Subjects covered in this guide


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