Home Add to Favorite Contact Submit  
             28 March, 2024
 

    
Category:  Articles » Business » Team-Building

 

Employee Team Project Incentives for Internet Companies

Popularity:
         Views: 1873
2006-08-21 22:48:49     
Article by Lance Winslow

There are many ways to give much needed incentives to employees such as stock options, Christmas Bonuses and profit sharing. However, consider a start up entrepreneurial company, which is web based. What can you do to give a little back to your employees and generate some real productivity and tap into some of the creative genius of your work force? Well there are many things you can do and innovative ways to do it too.

Consider if you will a fast moving highly successful website which is a category killer in its online niche. There will be ample opportunities to expand this and develop offshoots from the core market segment. But it is also important to stay focused too.

One thought is that you take an offshoot side market and begin to exploit the sub-niche and they you spin off this site onto a Employee Team Project and run it separately. You keep it on your servers and keep 50% equity and give the rest to employees as an incentive and allow revenue sharing. All work done on the site would be volunteer on their part for their share.

At this point all your new sub-category site needs is synergy and it will take time in getting there, but your employees can watch it grow and put in the hard work it takes to take it to a higher level. In this way you can stay with it, without diverting your company’s focus to the core business. Think of it like a special team on a football team. Consider this in 2006.

Print article      Bookmark this page
Related Articles 
How to Tap Into Your Inherent Relationship-Building Skills For Business (Popularity: ): Whether you know it or not, you were born with the natural ability to meet people and build relationships. Even if you don't spend much time proactively building relationships, you should be able to point to numerous examples of relationship building with friends and co-workers.While we are all born with the ability to connect, some of us utilize this skill more than others. If you haven't utilized your inherent relationship-building ...
The Heart of the Mentor - Drawing From Experiences (Popularity: ): Those of us who have been mentored know that it takes an extraordinary person to touch and affect people's lives in such a unique way. Mentors must be many things, but they must primarily be a person who draws everything there is to be gained from an experience. Experience teaches us wisdom, knowledge, morality, and human nature to name a few. But a mentor internalizes the feelings and emotions gained ...
Successful Business Owners Weigh in on How to Keep Older Employees in Workforce (Popularity: ): A March 5, 2007 article in the L.A. Times entitled "U.S. Looking for Ways to Retain Older Workers" highlights a critical issue not just for employers, but for our country's economic welfare. The article explains that recent expert testimony before the U.S. Senate's Special Committee on Aging concluded that "A wave of retiring workers will weigh down U.S. economic growth in the coming years, unless ... employers take steps to ...
A Duck Walked in to a Staff Meeting: Comedy Techniques to Lighten Up Business (Popularity: ): Used effectively and positively, humor can improve the workplace in many ways. Employees who laugh regularly are physically and emotionally healthier, not to mention more productive and creative. And let’s face it – it’s more fun to work with people who bring joy and laughter to work than those who suck the life out of everyone around them.As a comedian and corporate stress management expert, I’ve been teaching organizations how ...
The Importance of Mastermind Groups in Business (Popularity: ): One of the points no one mentions in business is the importance of mastermind groups. You can often hear or read that you need a mentor to take a step ahead for your business. When I am working with my employees or collaborators I realized that I discover many more things than when I work alone. You can get more even if you have partners to work with. With partners ...


Related Business 
Employee Incentive Programs (Popularity: ): At Virtual Incentives, we believe that employee incentive and rewards programs have the potential to transform the way we think about and relate to our jobs. In fact, we have proof.
James Blake Internet (JBi) (Popularity: ): JBi is a London based web design agency that creates on-line solutions to help businesses get results from the digital world. Our team comes from a range of business sectors and so our approach to each project differs from other traditional web design companies as each project is viewed from a marketing as well as technical viewpoint.
Motivano (Popularity: ): Employee motivation, benefits and incentives.
GoalManager (Popularity: ): Online resource center for employee motivation, rewards and incentives.
PlanB Imprinting (Popularity: ): Online catalog of promotional items, awards and employee incentives.
The C.A. Short Company (Popularity: ): Develops employee award and recognition programs for service, safety, and incentives.
Selco Custom Time Corporation (Popularity: ): Offers customized watches and clocks for promotional purposes or employee incentives.
Leader Promos (Popularity: ): Online catalog of promotional products, employee incentives, and trade show giveaways, with current specials and idea center.
Competitive Edge, Inc. (Popularity: ): Consulting and training in improving employee effectiveness, team building, and employee-manager relationships.
IT Solutions Consulting, Inc. (Popularity: ): IT Solutions takes a different approach than most IT companies. At ITS, every employee doesn’t just act like an owner, every employee is an owner. Not just through stock options or public stock that anyone can buy. ITS employees own actual stock in the business through our Employee Stock Ownership Plan (ESOP). When ITS succeeds, they succeed. And every ITS employee knows that ITS only succeeds when our clients succeed.