Employee Retention Programs

Today’s economy has many an employee cautious about their jobs and the companies for which they work. When the employee feels vulnerable often they will begin looking for other opportunities for employment. Sadly, people may leave for no good reason, other than a poor lack of good motivation and rewards on behalf of a business not focusing upon their most valuable assets… their employees.

If a business is not making the efforts to Creatively Reward and Motivate their employees, they just may one day be wondering why good employees choose to leave and go elsewhere. Years ago a friend named John Clement used this phrase ,which was so effective with those people who worked for and with him. John would say, “Have I told you lately how much I appreciate you and all that you do?”. Those words took just a few seconds to speak and the sense of pleasure in the hearer’s face was impressive. Appreciation is effective and powerful.

What Creative methods are you implementing to improve Employee Morale and Retention with your business.

Master Incentives offers a variety of programs for you to be able to reduce employee turnover and keep productivity up.

The average cost to replace an employee can be as little as a few thousand dollars and up to a third of their annual salary. What is your expense to replace an employee?

Master Incentives offers programs with Creative Solutions such as a Years of Service program, Manager to Employee Recognition, On the Spot Awards, Peer to Peer Recognition and many others.

Studies show that over 97% of employees appreciate the ability to choose their own award, other than have one chosen for them. At Master Incentives we have over 3000 award items from which program participants can choose their awards. Name brand lifestyle merchandise awards are online for quick award redemption and fulfillment.

Imagine awarding people “Points” for their “Positive Performance” and those earned points later being redeemed for the award item of their choice. Here is the great part, you do not pay for the award until after they have been earned over a period of time. That’s Performance First and Award Investment Second.

One company with several thousand employees awarded their employees for Zero Accidents and Zero Absences weekly. At the end of the program the results was this:

1. A $200,000 reduction in Workers Comp Premiums
2. $800,000 saved in Employee Turnover.

The program investment was $200,000 with a 500% Return On Investment, that is a very good reason as to why you may consider giving us a call to find out what can be done to make your business run better and more profitably.