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Fox Business: BlitzMasters on Incentives in the Work Place

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Uploaded on Oct 2, 2010

http://www.blitzmasters.com On September 22, 2010, Fox Business interviewed Andrea Sittig-Rolf, CEO of BlitzMasters and creator of the Blitz Experience. The discussion was about incentives in the workplace. The argument was that most people today are thankful that they even have a job. So is it still important to reward good work?

Andrea says that the key is to hang onto your good employees. You certainly don't want them to leave you and start working for your competition. And that does happen sometimes. It's all about appreciation. You don't need to pamper your employees - even verbally complementing someone on hard work or a specific task they handled well. "You'll be amazed how far that goes," says Andrea.

One thing Andrea noticed when she was working as a salesperson was how sales teams were often given rewards to work towards, but this rarely applied to other parts of the companies who's employees were equally important. Putting this reward system into other departments of a company would be very effective according to Andrea. "Everybody likes to be appreciated, not just salespeople," she says.

But these days, companies don't have much money to spare, so what should they do to reward their employees without breaking the bank? According to Andrea, keeping it cheap is easy. Just setting goals and having drinks or lunch as a reward motivates a team.

Andrea warns not to constantly give rewards because employees will often feel entitled. They may begin to expect a quarterly reward even if the goals are not met.

When asked if she's been impressed by any rewards or incentives she has seen, Andrea mentions rewards that are personal in nature. A group of women would possibly like a few hours at the spa, for example, or a group of men might like to play a round of golf.

Andrea says it's particularly important to start implementing incentives now. The economy will hopefully turn around soon, so your employees who are underemployed are going to be looking for a new job. Having a rewards system can entice workers to stay with your company.

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