Myth 4: Productivity will only improve through financial incentives

The business world is changing rapidly, and yet lots of myths around payroll and reward have lingered

Zellis

Jun 21st 2019

payroll-myth-4

Myth 4: Productivity will only improve through financial incentives

The reality…

There are many ways to improve productivity. Employee benefits engage staff and increase motivation and, while money still matters, the link between it and productivity is not as strong as it once was.

What is also far more important to productivity is an employee’s relationship with team colleagues. Glenn Coleman, International Benefits Manager at Worldpay, points out that: “It’s more about your relationship with your line manager and recognition from peers.”

Any number of engagement surveys will show that this is what drives employees forward on a day-to-day basis. What productivity really means in many businesses is simple to explain. Businesses that used to offer simple products, now offer multi-layered services that are inherently complex.

It is harder to see the value-add from an individual employee or whether a cash incentive helps - and this is where payroll and HR professionals can make an impact.

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Looking for award-winning employee benefits? Technology and services that recognise and reward your employees? Speak with the team at Benefex. If you're a small or growing business with payroll and HR requirements, Moorepay can help you get ahead.

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