Question

2.   What are the types of incentives I might use to influence employee behaviour? How

can I use compensation and other rewards to motivate people?

Answer 1

Incentives

These are known as the motivators for employees. Employers use incentive schemes to motivate their employees in order to achieve certain objectives that are beneficial for the organization. Incentives play a vital role in changing the skill set and professionalism of the employees as they keep on attracting employees to get higher incentives which can be only received when the employee is doing quality work with good productivity but still employers are always finding new ways to influence employees behavior towards their work. Incentives are of many types which include monetary incentives in which the employer gives monetary incentives to its employees for his work. In some cases employers give shares of the organization to its employees to make sure that employees are working for a longer period of time with the organization.

Now let us discuss how incentives, compensation and other rewards can be used to influence employee's behavior and motivate them.

• For this plan to work we should be creating an incentive or compensation plan which can be beneficial for the employees and after that start monitoring employees performance and create a performance report on the basis of which present incentives and compensation to employees and doing this in front of other employees will motivate the other employees and also boost the confidence of the employee who is receiving the incentive.
• We should keep on identifying the employees who are trying to improve their performance and keep them rewarding will truly help us to motivate employees and keep working more and more hard and this will be beneficial for both the employee and the organization. As the employee will improve his or her skills and organization will improve its performance effectively and efficiently.