Incentives are one of the best ways to keep employees motivated. It plays into the value-based concept of a business—if you bring added value to the company, then you can expect value invested back into you.
Determining what incentives to offer to a team, however, requires dissecting the things that the group considers vital. It’s a little bit more nuanced than merely giving them monetary benefits. Sometimes, it’s not about the money, but rather respect and a sense of accomplishment.
Lori Harris is a member of the Forbes Coaching Council, and Managing Partner of Harris Whitesell Consulting.