A question often asked by reward managers and Human Resources departments is ‘what is the best incentive for my employees? ’.
There is so much available in the market it is often hard to know what would be most cost effective, also what would have the best effect with regards to motivating and truly rewarding your employees. Employees will respond to different incentives based on their status in the company, lower earning employees and younger employees within a business prefer multi usage or retail vouchers that ensures they can buy lifestyle items such as clothes etc.
Hotel Vouchers are not always the best incentives for employees, even items such as extra holidays and cash bonuses can appeal to employees. Often the best incentives are vouchers such as hotel gift vouchers that can be used at multi hotels and therefore have wide appeal to all employees within a company.
The most common time of the year to incentivise an employee is Christmas, the end of the financial year or as an ongoing promotion. For an employee incentives are motivational; however incentives that enable the employee to visit a hotel or have an experience are the most favourable to a company as it truly ensures that an employee will remember why and who gave them the incentive as it stays as a memory forever.