Attracting the best employees for your business is only half the battle - keeping them engaged is a huge challenge for modern companies.
Yes, it is true that a number of studies show offering consumers greater choice can have a detrimental effect on purchasing outcomes, but what could it mean in a different setting?
It's one of the greatest challenges facing businesses today - keeping employees engaged and delivering their best for the organisation. So much of a company's success relies not only on the particular offerings they have for customers, but the people on the inside who bring those products and services to the market.
Building that culture of performance is understandably of huge concern for modern businesses around the world. Gallup's State of the Global Workplace survey in 2013 found that only 13 per cent of employees worldwide, or roughly one in every eight workers, genuinely feel engaged and committed to their jobs. Clearly, some of us have a lot to learn when it comes to how to motivate employees.
Some of us have a lot to learn when it comes to how to motivate employees.
What's holding back staff engagement?
Perhaps the biggest roadblock on the path to fostering greater employee motivation and engagement is the relative lack of effective programs in place to build that culture. A Deloitte study in 2015 found that 22 per cent of organisations surveyed reported that they had a poor system of measuring and improving engagement, or had no program at all.
Closer to home, an Engaged Marketing report on the state of Australia's workforce learned that 53.1 per cent of respondents gave a five or less (out of ten) regarding their organisation's encouragement for good performance through employee rewards and recognition schemes.
How can engagement be improved?
Helping your workforce set and attain their goals can be a great way to keep their performance levels high, but could your organisation be doing more to recognise their efforts, and give them that little bit extra to reach for?
Through a carefully designed travel incentive program, your employees can be encouraged to go the extra mile, making them more invested in not only their own career, but in the success of their employer. After all, who wouldn't be prepared to push themselves to grow the company if it resulted in an all expenses paid trip to an exotic locale?
Whether offering staff rewards for hitting sales targets, years of service or simply being a significant contributor to the company culture, few offers can get employees motivated in quite the same fashion as travel incentives.
The team at Power2Motivate have years of experience implementing employee incentive programs. If you're ready to give your staff some exciting opportunities to shoot for, speak to us today about how we can develop an initiative for your organisation.