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Non-Monetary Incentives for Employee Engagement

Retaining talented employees is becoming increasingly difficult—more so with millennials. With over half of job separations for new hires being voluntary in 2016, it’s becoming increasingly vital for companies to build employee loyalty in non-traditional ways. A recent survey found that most employees between 20-40 years of age are in favor of tangible non-monetary rewards. This means incentives that make employees’ work day better, or have lasting effect on them—especially those that they can share with friends and family—are likely to result in lifelong employee loyalty. In all cases, the incentives must be viewed as valuable by the employees rather than those conceived by management in isolation. Here are a few non-monetary incentives for employee recognition a company can offer to reward engaged employees [or loyal clients for that matter] and grow a stronger team.

Individual Workplace Incentives

The Wall of Fame:

It might seem old fashioned, but peer-to-peer recognition at your office through a “Wall of Fame” motivates employees and rewards talent based on day-to-day successes managers might not always see. These peer-to-peer recognition programs like this can even be made social through free software applications now available [like Globoforce and Achievers].

A Get-Out-Of-Work Card:

Who wouldn’t like the idea of being able to throw down a card and claim an extra day of PTO in exchange for a job well done? Offering employees a chance at adding a valuable day off to their calendar could help them to pull through on more difficult projects. Needless to say, the extra PTO should be subject to all pre-existing company policies on paid leave so business can continue without too much interruption.

Conference Perks:

Not every conference is hosted at your city’s downtown hotel Ballroom C. If your employees attend conferences that require travel, make it an incentive. If the team reaches one benchmark, maybe you upgrade their airfare or hotel. Second benchmark, make them reservations at a restaurant and pick up the bill. You could even make attending the conference itself the incentive, if it’s not essential to attend but you know your employees will learn and grow.

Incentive Trips:

The above incentives have measurable impact on employee performance and engagement.  But nothing impacts employee performance more than the prospect of a trip to an exotic destination with a partner.  Studies have shown that the beneficial impact of a well-planned and executed incentive trip far exceeds its monetary costs in improved performance and ultimate profitability.  While monetary rewards may motivate employees briefly, the prospects of an all-expenses-paid trip to a desirable destination along with an employee’s partner—or even family—will create a deep-rooted competitiveness to excel.  Depending how an incentive trip is structured, it can not only enhance performance but also foster employee engagement.  Some companies opt for monetary incentives for ease of administration. However, an incentive trip will likely have far more beneficial impact on the company’s bottom line if it is appropriately designed and implemented.

GMS Global Management Services, Inc. is a boutique incentive agency and event planning company with offices throughout the US and Canada.  We specialize in custom-tailored incentive programs that guarantee improved performance and profitability.

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GMS Rolls the red carpet for Lions Club

Celebrating its centennial, Lions Clubs International gathered in Chicago for this important milestone.   Lions Clubs International (LCI) is an international secularnon-political service organization founded by Melvin Jones in 1917. As of April 2015, it had over 46,000 local clubs and more than 1.4 million members in over 200 countries around the world. Headquartered in Oak Brook, Illinois (a suburb of Chicago), the organization aims to meet the needs of communities on a local and global scale.  Lions Club German selected GMS to organize educational and popular tours of the Windy City for the diverse participants.  With all that this beautiful city has to offer, Lions Club could not have picked a more fitting backdrop for its 100th anniversary celebrations.  There were “lions,” some in colorful local dress of the country they represented, on every corner for the few days they got to spend in Chicago.  Chicago and Chicagoans rolled the red carpet in every way possible.  Weather could not have been nicer and Chicagoans were clearly proud to have an organization of this caliber in their midst.  GMS was honored to have been selected to showcase the city to such a distinguished group of luminaries.  GMS is looking forward to once again play host to the Lions next year when they head to Las Vegas. 

Chicago Private Architectural Cruise for Lions Club Germany

Chicago Private Architectural Cruise for Lions Club Germany

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Porsche Canada teams up with GMS

In celebration of Canada’s 150th anniversary, Porsche Canada is promoting a driving experience across Eastern Canada.  Twenty lucky participants will get behind some of the most sought-after Porsche vehicles and drive from Toronto, ON, to Halifax, NS.  The 10-day journey will cover some of most historic sites in Canadian history.  For this once-in-a-lifetime experience, Porsche Canada selected Global Management Services from among many contenders to manage the logistics of the driving experience.  For 10 days, 20 lucky participants will get to experience some of the most awe-inspiring scenery in every turn while behind the wheels of some of the most advanced engineering marvels.  There is no better way to see some of Canada’s revered historic sites in this landmark year than onboard of an engineering masterpiece. Find out more here.

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