Importance Of Employee Recognition
In order to attract employees and increase the retention at the same time, employee rewards and recognition program is very important. All of these organisations have been working hard to find the best talent available out there. These companies have been working hard and started using advanced marketing tactics that are utilised to attract the best talent and persuade them into taking the offer.
Even after the employee is recruited, their work isn’t done. These organisations need to keep working hard so they can keep the best performance happy and loyal, which will increase employee retention. It’s simple, if you want the employee retention, increase their motivation, more productive, high engagement, you need to start implementing employee rewards and recognition program in your management system.
How To Choose A Rewards Program?
There are multiple factors that lead to your decision for choosing a recognition program:
- The budget you have
- Total number of employees
- Values of your company
- Culture of the organisation
You need to understand that there is no common strategy that you can just use for all the employees, so the best step here would be to adjust your employee recognition program according to employee requirements and needs. You can send out a survey to your employees asking them what they want and if they’d like to get recognised for that or not. Then you can make a list of rewards that you’ll be going to give out to them and ask which one is a better choice or even better, just ask them for suggestions. This way you’ll know that the rewards are the things they actually value.
Here are 20 ideas that can be used for employee rewards and recognition program:
1) Surprise Appreciation
This one can be really good if done right, plan a surprise party for the best performers in your organisation and don’t forget the cake and confetti. Rewarding them this way can really help boost their motivation.
2) Social Media
You can post a photo of the best performers or the employee you want to reward on your social media and brag a little about their achievement, this will boost their motivation a lot.
3) Newsletter
Adding your employees’ achievements in the company newsletter is also a great idea.
4) Email
You can send a company-wide congratulatory email that’ll include praise for the employee’s achievements.
5) Press Release
You can share the employee’s achievement in a press release and once its published you can share the news as a gift to those employees.
6) Hidden Praise
Appreciate the employee with hidden notes on their desks that’ll come as a surprise to them.
7) A Note
Sending a handwritten note to the employee or leaving a sticky note appreciating their hard work can be great.
8) Meeting
Have a meeting organised just for praising the employee, no other topics or issues should be discussed in that meeting.
9) Video
You can create an appreciation video for the employee from management or c-suite executives of the company.
10) Home delivery
You can send a bouquet of flowers to your employee’s home address for appreciation.
11) Promotion
Rewarding your employee with an advanced job title can be a great gesture for showing appreciation.
12) Representative
You can offer your employees to act as a representative of your company at an event.
13) Take their Opinions
You can show the appreciation by asking the employees for their opinions on an important matter, this would represent how much you value them in the organisation.
14) Big Project
Offering the employees a project that is special and different from the responsibilities they have on a regular basis.
15) Executive Meeting
Invite the best employee to join in on an executive team meeting.
16) Raise
Giving out a raise to your best employee is a great way of showing recognition.
17) Bonus
Giving out a bonus to the top performer can also be a great idea as a reward.
18) Vacation
Give out a vacation to the top performer in your organisation so they could feel special.
19) Event
Give out tickets to an event to the top-performing employee in your organisation, like a season game ticket.