Incentive program for employees as a way to engage and retain talent

The retention and engagement of employees is one of the greatest challenges and major goals of any company. The market is increasingly competitive, so it is necessary to seek effective strategies to achieve these goals. In this article we will talk about one of these strategies: the employee incentive program.

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An incentive program for employees is nothing more than a way to recognize and reward a professional who is doing well in some aspect of the work he or she does, motivating him or her to be better and better. 

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Throughout this article, you will learn more about this type of program and ways to implement it in your company. Check it out!

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3 types of incentive programs for employees

Implementing an incentive program is awesome, but it needs to be aligned with the company's culture and values. After all, why are you rewarding that employee? It is important to develop a program with guidelines that make sense for the organization's scenario. Here are three suggestions:

• motivation: keeps employees motivated, but is not related to any specific type of activity performed by them. At Christmas, for example, the company can choose to offer a special value for this occasion;
• recognition: this is for the employee who has shown himself to be an excellent professional during a period of time and has been a defender of the company's culture. It can be nice to offer the award to those who are completing years in the company, for example;
• reward: did you beat the goals? The employee can be rewarded for it!
  

Implementing variable compensation as a reward

The best way to make sure that employees receive the incentive program award is through variable remuneration on a flexible benefits card. This way, it is more practical for the company and more interesting for the professional (who does not have to bear the costs of payroll taxes, and receives the full amount on the card). 

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Alymente's complete solution offers this type of functionality, which is provided for in the CLT and can be quickly implemented by your company. The balance for this type of compensation is free and the employee can invest in their knowledge, enjoy a show or use their award as they wish. Meanwhile, the company has all the practicality, legal security, and innovation in one place. Betting on this initiative, in addition to engage and recognize your employees, helps to reduce the turnover rate and strengthens the company's culture. 

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Want to know more? Get in touch with us! Let's have a chat (:

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