Men of Employment

Employee Rewards and Recognition Programs

The success of any company depends upon its employees. It is through their hard work and effort which makes a company successful and this is achieved through motivation and hard work for both, the long and short term goals that have been set for them. But, generating workplace enthusiasm is not easy. Surveys have shown that hardly one-fifth of the employees are truly engaged in their work and “put in that extra bit” so as to achieve the desired results. The rest ranges from 38% being disengaged and another 41% being totally indifferent. It is this feeling of indifference to the company and the working environment which is the reason that employees tend to leave their jobs.

To overcome this obstacle, there are many ways through which you can successfully motivate your employees and keep them engaged in their working environment. The two most effective and common of these are Rewards and Recognition. A recent research shows that companies that rewards and recognizes their best performing employees, enjoy a significantly high employment performance which ultimately leads to much greater employee effectiveness.

There are all types of employee recognition programs and companies often have a tough time when it comes to effectively deciding using their rewards and other employee recognition programs for motivating their employees. Follow these guidelines to get your employee recognition programs on the right path.

Rewards

Rewards which can mean both, financial and non-financial can play a huge part when it comes to motivating employees. Though financial incentives are the obvious choice for higher performance, it may not be viable for large scale campaigns or for long period of time. It is not practical for the small or medium sized companies which function on limited budgets.

So the other option is to come up with innovative and attractive non-financial rewards that will motivate your employees. It should be able to instill a positive thrust for their sustained participation in a whole range of campaigns. Some ideas for non-financial rewards are workplace perks and other assignments like developing and implementing of an idea.

Recognition

Giving due credit and recognizing the performance and efforts of employees are as equally important as giving rewards. These can be easily implemented through a specially customized employee recognition program, which will help to keep your employees highly motivated at all times. It is unfortunate that many managers realize the worth of such programs in their workplace. Surveys prove that effectively strategized and implemented employee recognition programs are more likely to bring about positive results on the performance of employees. But utmost care and caution should be shown while choosing the right recognition program. Choose one that best suits and fit all the criteria which you want to make use of, while rewarding and recognizing your employees.

When the efforts of your employees get recognized, don’t allow it to go unnoticed. Show your appreciation and announce the award recipients at company meetings. It would be even better to arrange music, decorations and some snacks at such award announcements. The more prominence you give for events appreciating the performance of your employees, the longer will be the effect of their performance thus your company will benefit from your innovatively created employee recognition program.

Over and above these, here are a few more tips to keep your employees motivated.

  • Always engage in friendly and casual conversations with your employees
  • Praise them publicly for any good work
  • Remember to write them a personal note, saying “thank you”
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