Staff Motivation and Bonus Schemes

Over the years, I’m constantly asked the million-dollar question and it has to do with – staff motivation and the bonus schemes or systems. With more knowledge available to go around, I decided to quickly state them here and we have to call a spade a spade. From the bonus scheme, to employee benefit system – everything works, although for a little while.

To be candid with you – nothing works especially for a very long time. Now here is the rule of thumb, there is need to develop a scheme, make use of it and try to run it between 3 or 4 months. Then proceed to roll out another one for a duration of 3 to 4 months, then roll out again – now you get the picture. However, you can regularly come back to one scheme after some 9-12 months or there about. At this level, this scheme will once again be a new.

Essentially, the employee benefits have to be connected to their performance in a way. So, there has to be a KPIs (Key Performance Indicators) put in place, which is easy to measure, open and clear – as this will enable the employee to be aware at any time, where he/she stands in view of the target as well as the benefit.

employee benifits program

Now pay attention here, the final result cannot afford to be more money in the individual’s pocket! According to recent studies, all Veterinary practitioners have in their pockets that is between $200K and $250K – so the staff think. But however, there has to be something in it for the client, patient, Veterinary Team and the individual Team member.

Taking a closer look at the bonus schemes or strategies that best work, are the ones that integrate the team goals, rewards as well as the individual goals and the rewards – all these under the same umbrella. Further making us all need to work cooperatively and with this being said I will be able to get a better personal result/reward should I choose to pursue it.

It is essential for the tracking system to be open, clear and easily measurable. In retrospect, the system has to be documented and everyone must come to a consensus that the record is fair. However, as this wall chart or something similar to the set target, positioned in the staff room with the word; where we are right now, this makes it easy for all staff to know exactly where they are and what is required to be done.

Having individual rendezvous as well as group meetings to discuss, as well as train, and also to motivate everyone with how well they are performing is also essential.

You must celebrate the wins. Even if the result is not being achieved – a low key kind like; well you tried hard enough and congratulations – remember that celebration is a pertinent key.

In Summary:

  • You must keep it crisp
  • The achievement be based or driven
  • You must ask, what is in it for me?
  • The individual as well as the team benefits
  • You must measure and track
  • Don’t forget to celebrate

Let us now commence with the nitty-gritty and that is a list of the 10 best benefits.

Here are the Ten Best Methods Used to Reward Good Work.

  • There must be recognition
  • Monitor Time Off
  • Observe Favorite Work
  • Know the Personal Growth
  • There must be Fun
  • It is essential to give prizes
  • Money is important
  • Make provision for advancement
  • Ensure there is freedom in the environment
  • Don’t miss the piece of the action

Here are some simple and easy method you can use to implement suggestions:

Therefore, if a staff is consistent over time – then it is reasonable to give either a reward, a gift or Thank You crafted in a written note detailing exactly how much you truly appreciate his/her efforts, dedication to serve and so on. You could also send in a box of chocolates or flowers to the partner or spouse either at their workplace, if there is an opportunity you can add a note detailing exactly how much you appreciate the support of this staff of yours.

Remember that the perfect reward is a recognition and a ‘thank you’. However, regularly doing this, is more essential and very motivating than any other kind of reward. The most demotivating situation is a case of non-recognition and overall negative feedback.

Now proceed to create a bonus as well as a motivational strategy and notice your business thrive.