While it may sometimes seem as if the world of work is skewed heavily in favor of the employer (in the UK recently, every
- Offer benefits. While lots of people may want a raise, it is often not financially viable, and it may not be the most effective incentive either. Instead, you could offer health insurance. An innovation that you should check out is video links with doctors. It allows your employees to get medical attention quicker and they can, therefore, get back to work quicker. You can find out more here. Another great benefit that will entice lots of people is the possibility of an education. Paying to put someone through college is quite expensive, but there are lots of more economical online degrees that you could offer. Besides, having a more knowledgeable employee is not bad for you either.
- Give your employees real opportunities to advance. No one wants to be stuck in the same job forever. People get bored and will quickly begin to feel undervalued unless you show them that you trust them with more responsibility. The opportunity to earn a promotion is a great way to incentivise your employees.
- Be more flexible. If you cannot afford to offer financial rewards for performance, you could instead offer your employees extra vacation time or more flexibility in when they work. It may be that they could work from home some days of the week. If they want to do that and it will make them a better worker, it is a good idea. Technology makes it so easy to keep in contact today that remote workers are a part of lots of businesses.