For me, balance is the key in handling employees. A reward program may look like the better choice but then employees also need punishment once in a while.
Learning and applying the latest business intelligence inside the organization is something that can’t be done in a short period of time. A company may hire and have the best employees but then each has their own strength and weaknesses. First and foremost, not everyone is technology savvy. The older people – no offense, have slower pick-up when it comes to the internet. But then the older workers are a lot more organized and attentive to details, and mind you – fiercely loyal. During this transition stage, the reward system is a lot more appropriate. It can encourage the employees to study hard the new system. Pay-raises maybe a little bit too much for small organizations. I think giving incentives would be enough for those who are a lot more productive using the company’s business intelligence.
Since pay raise is the easiest incentive for employees to perform better while using BI applications, it has become so commonplace that most companies employ this method to boost their employees’ motivation. However, pay raise isn’t the only method that would work wonders on your employees’ motivation and eagerness. One would be on the spot award like praises and such. Not only would it increase the certain individual’s motivation, it only motivates others to do better to receive the same praises and awards. A single word of praise from a superior has a huge impact on their workers’ motivation as it spurs them to do better and achieve good results. The same goes for recognition. These methods show appreciation and boost the confidence and pride of employees in regards to their work. Also, it is much more efficient for small scale businesses and saves a lot of money. The only downside to these methods would be the workers’ attitude and personalities.
The punitive program can be appropriate after the probation term. This means that the company has already given its employees ample time to learn and apply the new system. As an employee, this for me is the best way to motivate workers. If they are given enough to learn the ropes and adjust to the new system, they become more productive and committed to work. Also, it is best suited to be used in tandem with on spot awards and recognition methods. As the tandem of these methods allow one to match with the workers’ personalities and attitudes, one can assure that the workers’ motivation and productivity reaches its highest peak without incurring additional expenses for the business or company. This will work for me and I think for others too.