A great company incentive program is beneficial for several reasons. Existing employees feel seen and appreciated, and new employees feel excited to work for you. But like any company program, there are pros and cons. If corporate incentives aren’t rolled out properly or executed with care, the rewards can ignite jealousy rather than a sense of value. This can sow discord and result in lowered performance and higher turnover. Walk the line between benefit and detriment by consulting our guide to the do’s and don’ts of corporate incentives.

Corporate Incentives: Do’s

When creating and executing a corporate incentive program, one of the first things you should consider is a way to maintain fairness and equity. Some simple ways to do this are by clearly communicating the incentive program along with the indicators that deserve rewarding. This could include daily, weekly, or monthly metrics as well as company milestones. Other do’s include the following:

Corporate Incentives: Don’ts

If you aren’t careful, your incentives can be unfair, divisive, and impossible for employees to reach. Some of the most important things to avoid when creating a corporate incentive program are:

Once you’ve decided to create an incentive program and considered the do’s and don’ts of corporate incentives, you’ll need a way to manage your rewards. Employee reward program software is a great place to start.