Recognition is like currency. Every day, employees make contributions to your company’s success. They come to work on time, go the extra mile for customers, and give their best efforts in achieving performance goals. Since they are not paid hourly or given overtime pay to reflect this extra effort, it falls upon management to provide recognition that stimulates motivation and encourages employees to continue their above-and-beyond efforts.
When performance problems arise, as they sometimes will, how management resolves those problems sends a message about what is important in the workplace says Paul Haarman.
Is it better to approach mistakes as learning opportunities or as personal failures?
- 1 Is it better to approach mistakes as learning opportunities or as personal failures?
- 2 What is Employee Recognition?
- 3 Why You Should Implement an Employee Recognition Program in Your Company
- 4 If you’re looking for some inspiration, here are just a few ideas which can be used by managers across nearly all industries:
- 5 Conclusion
Employee recognition programs are one of the most effective ways to boost employee morale, retention, and engagement. Although these initiatives have been successfully used in various workplaces across different industries for decades, many companies have yet to introduce an employee recognition program within their workforce.
If you’re interested in starting an employee appreciation program but aren’t sure where to begin, here’s everything you need to know about how to get started with your own internal employee recognition program. We’ll cover topics including: what types of rewards are best suited for employees, what motivates workers within different age brackets, and more!
“We don’t want training so much as we want genuine praise…You can get people motivated using applause.” – Dale Carnegie
What is Employee Recognition?
First and foremost, it’s important to understand what employee recognition is. In a nutshell, any type of reward or benefits provided by management to employees in order to appreciate them for their hard work and achievements can be considered an employee recognition program.
This doesn’t just include bonuses and salary perks; anything that motivates an employee to continue doing great work falls under this category, such as gift cards, health insurance reimbursements, time off awards, and more!
Why You Should Implement an Employee Recognition Program in Your Company
Employee recognition programs are beneficial for both managers and workers alike. If you want to increase the productivity and morale in your workplace, consider one of these initiatives in your company today.
There are several benefits to creating an employee recognition program within your workforce. Some of the most important include:
Enhanced Employee Morale Boosting retention rates increasing productivity in the workplace creating a company culture based around teamwork and appreciation a more positive, energetic work environment What Types of Rewards Can Employees Expect?
Although some rewards may be better suited for specific workers, there isn’t necessarily one type of reward that’s best for everyone in every scenario. Instead, managers should consider their employees’ preferences when figuring out how to thank them for hitting certain milestones or completing tasks on time.
If you’re looking for some inspiration, here are just a few ideas which can be used by managers across nearly all industries:
Time off awards:
Even one day of paid time off can be a great way to show employees that you appreciate them. Other companies may offer additional days for positive job performance (and sometimes even negative performances, too).
Although they’re not as popular as they used to be, monetary bonuses and salary perks are still a great way to increase worker productivity and retention rates.
These can come in the form of Amazon gift cards, local coffee shop gift cards, airline gift cards, or any card provided by an establishment your workers tend to frequent. Gift cards serve as fantastic rewards because they demonstrate the company is invested in your employees’ well-being without costing much money.
Organizing an event such as a holiday party, team outing, or casual picnic can be a great way to celebrate employees’ success as a company.
Health Insurance reimbursements:
Many companies choose to offer benefits such as health insurance and reimburse their staff for some of the expenses associated with receiving medical care. This helps both employers and employees save money on healthcare costs while also encouraging healthy lifestyles.
Although there are plenty of ways that managers can thank their employees for the hard work they put in every day, not all employee recognition programs were created equal. Managers should consider their workforce’s culture when figuring out which initiatives will prove most effective in increasing productivity and morale among employees.
If you’re interested in starting an internal incentive program but aren’t sure where to start, consider starting simple. As per Paul Haarman work with your employees to brainstorm ideas on how you can better motivate them; chances are they can provide some fantastic insights into what types of rewards and recognition will inspire them the most.