Holding a credit card contest to reward the best employee is a great way to make your employees become more productive and competitive. The credit card will be charged to the company so the holder can spend around $500-$1,000 each month on whatever they want until the end of the quarter. This creates a competitive environment for your employees; They will be motivated to become the best in order to have the honor of obtaining that credit card for the whole quarter.
This is a competitive contest among employees to strive for the top in order to gain recognition, prestige and reward. The credit card is a symbol of trust, honor and capability that is to be given to the best employee of the quarter. This kind of contest motivates the whole workforce to do their best in order to obtain the reward and gain recognition from everyone. This is the kind of contest that can create an amazing amount of productivity.
Of course, with any contest there should be rules. The use of rules is to prevent employees from harming and tarnishing the company when they become too competitive. There are times when employees will get too competitive and ignore the well being of the company to do whatever it takes to win. Rules must be enforced and the employees must be monitored in order to have a fair contest.
The credit card should have your company’s logo on it to further increase honor and loyalty of the holder. You can make the contest occur at the start of each quarter and reward it to the best employee at the end of each quarter. The holder will be able to spend it for the whole quarter until the next winner shows up. This is a great contest to increase productivity.
4 Comments
Great tips!! Quote= “The credit card is a symbol of trust, honor and capability…” - a unique way of using credit card to reward!
Thanks for the mention in your Zunday Deviants;)
It’s a worker of the month or better said worker of the quarter incentive. Why use a credit card contest when you can simply give monthly bonuses along with the regular paychecks?
Zedd- Thank you! No Problem!
Chris- Because it is not all about cash incentive. The winner also obtain honor and recognition from this contest and the credit card symbolizes that. This promote competitiveness and also more loyalty in the end.
This is a nice twist to the motivating the employee concept. Chris Ofcourse it doesn’t necessarily have to be a credit card, could be a company branded car, a paid holiday anything. This is just one initiative and a nice one at that.