We have previously discussed Employee Reward and Recognition, and how it is an important part of the employment lifecycle and can promote positive behaviours and increase employee satisfaction. One of Cornerstone’s suggestions to reward employees was awarding employees time off for completing additional hours to complete projects.
From time to time, employers may require their employees to work longer hours to complete projects, meet important deadlines or represent the business outside of their normal hours of work. When this is a requirement, employers may look to reward this commitment by allowing their employee/s to take additional time off to reward their commitment over and above their usual working hours, and to ensure that they are able to achieve a better work/life balance.
If this is something your business may consider implementing, here are a few pointers to get started:
Having a clear and transparent process can avoid abuse of the employee benefit and allow fair application to all employees.
It’s important for employers to evaluate if TOIL will benefit their employees and the business before implementing, or if other ways of rewarding staff will be better suited and easier to manage.
If you are unsure if TOIL is the best solution for your business, Cornerstone HR can help you. Contact our specialist team for a non-obligation chat today.