Wednesday, September 21, 2011

1 in 3 Employees Would Work an Extra Week Annually for Incentive Program

WorldatWork Newsline

Sept. 7, 2011 — Incentive programs that reward employees for meeting performance-based milestones can help bolster performance and morale, according to survey results from Staples Advantage, the B2B division of Staples Inc. Results show that one-third of office workers would even be willing to put in an extra workweek each year if it meant their company would implement one.

Meanwhile, for employees that already participate in company-driven incentive programs, the benefits are clear. These participants say the programs have made them:
  • Feel more valued (85%)
  • Happier and more motivated at work (70%)
  • More loyal to their company (65%)
  • More productive and able to get better results (about 60%).
Based on the results of the survey, Staples Advantage also reports that incentive programs can serve as recruitment tools, as more than 70% of employees at companies without incentive programs said they'd love to work for a company that has one. In addition to working an extra week each year, these employees would be willing to make other sacrifices if it meant their company would implement an incentive program. For example:
  • 30% said they would take on extra responsibilities
  • More than 40% would be in favor of forgoing the annual holiday party.
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