August 2003

Incentives for success | Essentials

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Incentives for success

by Christina Koch
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The work force continually is changing. Currently, it's rare to find an employee who remains with one company long enough to receive a gold watch at his retirement. But there are things you can do to prevent a job-hopping mindset from occurring at your company.

Offering competitive wages and training to improve skills helps retain employees, but you may not have considered implementing incentive programs that acknowledge thriving employees or acclimate new employees to your company's environment.

Offering incentives will help keep employees faithful to your company because they will appreciate you acknowledge their successes, and you will gain a more knowledgeable staff because employees will work harder to achieve incentives. Consider Ephrata, Pa.-based Gooding, Simpson & Mackes Inc.'s accomplishments with incentive programs.

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