article thumbnail

How incentive theory drives motivation and behavior in the workplace

Achievers

Competitive compensation and Benefits: Regularly reviewing salaries, providing comprehensive benefits packages , and offering perks such as health insurance, retirement plans, and stock options demonstrate the company’s commitment to employee well-being and financial security.

Bonuses 256
article thumbnail

3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

Health insurance. If yours is a business that also prides itself on putting employees first, you should likely have some of these benefits as well: Dental coverage. Respondents in the employee benefits survey were asked how they view businesses that don’t provide necessary benefits. Retirement savings account.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 20 Examples of Employee Incentive Programs

Vantage Circle

Incentives are a proven way to influence employee behavior and ultimately improve business output. Now there are several types of employee incentive programs that companies commonly use. A study showed that travel incentives are the most popular incentives among employees. Monetary Incentives.

article thumbnail

Exploring Level-Funded Health Plans for Small Groups

CorpStrat

Health insurance costs continue to rise, making it increasingly difficult for small businesses to offer competitive benefits while managing expenses. In response, level-funded health plans are gaining traction as a cost-effective alternative to traditional fully insured options. Is Level-Funding Right for Your Business?

article thumbnail

5 Data-Based Reasons to Make Employee Education a Priority

Achievers

By offering employee education instead, you help reduce personal costs for employees, which could outweigh salary issues or lack of other benefits, like health insurance or 401k options. Most HR Managers Don’t Think Their Training Is Good Enough.

Education 164
article thumbnail

Top 7 Employee Benefits and Incentives

Employee Benefits

The prominence of employee perks is on the rise, and as such, workers’ expectations are also climbing. In today’s business environment, a comprehensive and attractive suite of employee incentives can serve as a hallmark of a company’s prestige and plays a crucial role in fostering a productive, satisfied workforce.

article thumbnail

6 Different Ways to Improve Collaboration in Your Workplace

Hppy

It can also be wise to provide specific employee incentives , which can increase productivity and morale. This could include health insurance, paid time off, and flexible work hours. For example, you might consider taking everyone out for dinner or buying them lunch. Build a cohesive team.