Tips for Creating a Remote Worker Incentive Plan That Actually Works
Businesses have had remote workers for a long time. However, COVID-related restrictions have pushed many of them to adopt it or increase the number of remote workers. Therefore, businesses need to come up with effective plans to create incentives for these workers.
Today, many companies feel the pressure to provide their remote teams with competitive incentives to improve their productivity and boost morale. Here are a few tips to come up with an incentive plan that works.
The Importance of a Remote Worker Incentive Plan
Having an effective incentive plan for remote workers has lots of benefits, and one of the biggest ones is that it can help keep employees happy and improve their productivity. It motivates your remote team and assures them that the company appreciates their efforts.
Your incentive plan can help you attract new talent. Most talented candidates prioritize incentives when seeking career opportunities. For example, when you have remote courier contractors, creating an incentive plan for them is likely to make your operations more successful. Courier management software would be helpful as well.
What should be included in your remote worker incentive plan?
There are a few essential things to include when creating your remote worker incentive plan. They include money, time, education, and customization.
Money is one of the most important things. No matter how engaged your employees may be, they are in it for the money. Make monetary incentives a priority, and your remote team will be happy.
Education is essential as well. A career-oriented team is always looking for opportunities to improve its skillset. You don’t have to go as far as paying their tuition fees. There are lots of simple yet equally effective options.
Some Examples of Remote Work Incentives
There are many great incentive options for remote workers. Some of the most popular ones include professional development, health insurance, and extra time off. The secret is to keep your incentive plan simple and ensure that it aligns with your business objectives. If, for example, your main goal is employee wellness, the best incentives include health insurance and flexible working hours. If you wish to focus on quality, your incentives should help make their work easier.
How to create a remote working culture that’s worth the investment
When creating a remote working culture, you’d be wise to think about your needs as well as your employees’ needs. One of the most important things that you’ll need to do is promote collaboration.
Ensure that your in-office team can collaborate with the remote team without any trouble. Everyone needs to feel included when holding meetings on Google Hangouts, Skype, Zoom, and other platforms. Even workers that can’t be physically present should feel included.
Be deliberate with every move you make and set clear and realistic expectations. Promote communication and collaboration. This is the simplest tip to achieve a remote team that works.
How to Measure Success
Measuring the success of your remote team can get complicated. However, there are a few critical indicators of success. Ensure that you have clear KPIs and that you monitor them closely. The most important ones across different industries include:
- Net profit
- Average revenue for every customer
- Revenue growth rate
- Churn rate
- Projective schedule variance
Set clear performance goals for your team and follow up on them. Create an involvement culture as it can be a valuable performance indicator.
In conclusion, creating an effective incentive plan for your remote workers is a great idea regardless of your industry. With the right incentives, you can motivate your team to do more and embrace the idea of working from home. The right incentives depend on their needs and the nature of your business.