Engaging the Millennials in the workplace is crucial for the employers. They will form the 75% part of the workforce by 2030. In this regard, organizations cannot afford to ignore their demands.
Research indicates that the link between salary and job satisfaction is quite weak. After an extent, the salary does not have the power to motivate an individual.
Do you still think if you pay only good salaries to your employees they will be most productive? The people no longer view work as a source of just a pay check.
Incentives for employees appears to be simple: to identify desirable goals, and reward employees who achieve those outcomes. In fact, this is difficult to implement and usually ineffective.
The Point Programs is the knight in the shining armor for companies to fight the dangers of disengaged, disloyal and under-performing workforce.
The focus is shifting from giving cash rewards for achieving the set targets to using point accumulation system for driving workplace values and behaviors.