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#371899 - 06/10/05 07:44 PM
Employee Incentives
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New Poster
Joined: Apr 2005
Posts: 6
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Hi. Can anyone give me some feedback on Employee Incentives and how to promote with different departments in the bank? I'm thinking of something more than money, stuff like Hotel/Resort stays and Manicures/Pedicures, movie passes, etc..... Cash doesn't always get spent on spoiling oneself, as a bill might need to be paid, or an unexpected surprise of not the so good kind happens. Any advice/opinions/suggestions greatly appreciated!
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#371901 - 06/11/05 05:26 PM
Re: Employee Incentives
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Anonymous
Unregistered
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How about "DO YOUR JOB, AS INSTRUCTED AND ON TIME" and you get to come back tomorrow.
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#371903 - 06/13/05 10:59 AM
Re: Employee Incentives
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Anonymous
Unregistered
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Quote:
How about "DO YOUR JOB, AS INSTRUCTED AND ON TIME" and you get to come back tomorrow.
Sounds like the best incentive yet!
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#371904 - 06/13/05 02:54 PM
Re: Employee Incentives
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Gold Star
Joined: Apr 2004
Posts: 288
Hammond, LA
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You can invest years and lots of $$ in employees and tell them to be thankful and to do their job, as instructed, and on time, and they get to come back tomorrow. Then one day you find that they've done their job, as instructed, and on time, but you've thrown away all the $$ you've invested in this employee because as soon as they're fully vested in their retirement, 401K, or whatever, they've taken the experience they've gained, and are now doing their job, as instructed, and on time, but they're doing it somewhere it's appreciated, and aren't salivating like Pavlov's dog.
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#371905 - 06/13/05 03:08 PM
Re: Employee Incentives
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Power Poster
Joined: Dec 2000
Posts: 5,184
All over the map.
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snort...good answer. There is nothing better for moral than a little praise now and then.
_________________________
On the road again.....I just can't wait to get on the road again.
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#371906 - 06/13/05 03:20 PM
Re: Employee Incentives
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Anonymous
Unregistered
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Exactly CPB Bill. This industry has such a high turnover ratio that incentivizing is just good business. That other comment came from scrooge. Unless of course he is from a financial institution that pays people, other than lenders, what they are worth. Then I totally agree.
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#371907 - 06/13/05 04:18 PM
Re: Employee Incentives
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Power Poster
Joined: Apr 2004
Posts: 8,990
Cincinnati, OH
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It wasn't in banking, but at a former position, we had sales incentives. There were of course the standard commissions built into our montly sales, but then there were the lets get busy today incentives. Our sales manager would have us together at the sales team meeting and flat out tell us, whoever sells the most (opens the most accounts, has the most positive feedback from customers, you pick the results you are looking for) gets bonus X. The bonuses ranged from free hair cuts and styling at a very nice place to a weekend at a hotel in town, to a gift certificate for a nice dinner for two, to movie passes, to an autographed baseball by a local celeb.
She would collect these items and use them to raise morale and to give a little something for the person who had been working hard and had earned it.
Productivity was always highest when she had a good contest going.
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#371908 - 06/13/05 04:18 PM
Re: Employee Incentives
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Diamond Poster
Joined: Jun 2004
Posts: 1,115
Where the wind comes sweeping ...
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Are you looking for performance-based rewards or just employee appreciation type things? We do both but those are of course 2 very different things.
A half day or whole day off with pay is always nice treat and motivational for performance. For appreciation, we do shoulder massages and have the ice cream man come visit. This year we're also doing a lake party for the employees and their families.
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#371911 - 06/13/05 05:50 PM
Re: Employee Incentives
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Anonymous
Unregistered
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If we get good feedback from other employees or customers $10 goes into an account for us and we can have those turned into giftcards at any time. Food is also good!
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#371914 - 06/14/05 07:10 PM
Re: Employee Incentives
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Diamond Poster
Joined: Jun 2004
Posts: 1,115
Where the wind comes sweeping ...
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Our folks love movie passes. Our local theater sells them for $5 each if you purchase 50 or more. We keep them on hand all the time for pats on the back, incentives, and community donations.
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