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BizReport : Research archives : September 06, 2011

Study: Workers would work more for company rewards

Nearing the end of summer, many company managers may be struggling with the needs of their employees. Fitting in last minute vacations, offering more flexibility so workers can get their children ready to return to school are two big issues this time of year. The results of Staples new workplace productivity analysis may give companies even more to think about for 2012.

by Kristina Knight

The Staples report indicates that employee incentive programs are one way to strengthen not only company loyalty but employee work habits.

Some interesting findings include:

  • 85% of employees feel more valued if a company rewards program is offered
  • 70% are 'more motivated'
  • 65% are more loyal
  • 60% say they are more productive
  • 30% would take on extra responsibilities
  • 40% would rather have incentives than annual holiday parties
  • "Employees often love a little extra incentive to achieve goals - and employers are eager to find unique ways to deliver results," said Anne McKeough, vice president, Staples Promotional Products, the promotional products and incentives business for Staples Advantage. "Incentive programs promote a competitive and rewarding culture and, if creatively and effectively implemented, can strengthen company morale."

    Meanwhile data from MBO Partners finds that more American workers are looking to go independent. More than half (60%) say they're happy with their current work situation but cite more work-life flexibility and better earnings as reasons they made the freelance jump.

    Gene Zaino, CEO of MBO Partners said, "The study reveals that there already are more than 10 million independent experts, 70% of the independent workforce, offering specialized knowledge and skills to the open market. The study also sounds an important call -- suggesting the group could be more than 21 million strong in just three more years. Just as important, however, is the revealed entrepreneurial spirit of this new expert economy -- their drive to work for liberty over money, their motivation to be their own boss, and to trade office politics for true expertise in a field of work they love. Independence is a career trend we can all admire and learn from."

    Of those already working independently 47% are men, 53% are women, 49% are GenXers and 30% are Baby Boomers.

    Tags: company rewards, loyalty programs, MBO Partners, small business, SMB analysis, SMB trends, Staples

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