Behavior Bonus: Performance Enablement

Kazoo

While the Kazoo Employee Experience platform is primarily driven by spontaneous, timely employee recognition — some employees want specific incentives and directions for their behavior. This is where our Behavior Bonus functionality comes in. It’s a key part of a successful performance enablement program. Using Incentives for Performance Enablement. Behavior Bonus is, in its essence, an incentive tool. Goal: Build team culture.

9 Ways to Create the Best Possible Employee Incentive Options

Kazoo

As an employee incentive, cash isn’t king. As part of Kazoo’s research on rewards and recognition systems that work, we uncovered how to make employee incentives effective. Here are nine ways to create the best possible employee incentive options at your company. A sincere thank-you presented with an employee incentive lets an employee know exactly what they’ve done that you value. There is no one-size-fits all employee incentive.

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5 Employee Incentive Ideas that Boost Employee Motivation

Kazoo

Finding employee incentive ideas that boost talent recruitment, retention, and development is like finding a golden ticket for business success. Yet most traditional employee incentive plans don’t work for longer-term employee retention or talent development. Motivation-Boosting Employee Incentive Ideas. Tie Incentives to Spontaneous, Real-time, Specific Recognition. Plus, it takes the recognition work off a manager’s shoulders.

3 Simple Ways to Boost Employee Motivation with Rewards

Kazoo

Do cash and bonuses still appeal to many employees? After offering a mix of cash and other bonuses to employees: Non-monetary bonuses boosted performance slightly better than monetary ones. Monetary bonuses affected performance more when the employee had a mix of options and chose them. When an employee incentive option was taken away from the mix, the impact of the remaining bonuses went down.

Employee Satisfaction: Using Surveys Effectively

Kazoo

Frequently, companies learn that their employee satisfaction rating isn’t as high as they’d like it to be. Offer a Spot Bonus for Taking the Survey. As an incentive to get employees to take an employee satisfaction survey, try offering a spot bonus for taking it. Engaged, satisfied employees offer better customer service, stay at their jobs longer, and perform better. Many companies today conduct employee satisfaction or employee engagement surveys.

Survey 100

Employee Rewards that Motivate: 5 Tips

Kazoo

They may be formal – like an annual or quarterly bonus tied to meeting performance objectives. Or they may be informal – like a stack of gift cards in a manager’s drawer. The London School of Economic s reviewed 51 different studies and found that financial incentives not only fail to encourage employees to perform – they can even demotivate employees. On top of that, poorly planned employee rewards can ruin your company culture.

7 Tips for Embracing the 80/20 Rule With Employee Talent

ExactHire

I’m sure you’ve heard of the 80/20 Rule before, but have you ever thought seriously about its impact on your talent management initiatives? Taming the Long Tail of Performance. You Must Treat Hyper Performers Differently.

KPMG Transforms stack ranking

Impraise

KPMG, one of the largest accounting and financing firms, recently announced that it would pilot a new performance management program in its Indian division, in an effort to retain the quickly evaporating talent pool. The challenge Traditionally, like many of its consultancy rivals, KPMG used a bell curve evaluation system to determine and rank the performance of their employees. It could be a steep curve, flat curve depending on the business performance.”