Employees' satisfaction with their recognition is not truly measured by the company, but by the employee. And, although it is easy for companies to simply give employees recognition by giving a raise, employees are not satisfied with this outcome. Employees want more; they want to feel as though their employer cares about what they want for their efforts, not what the company is willing to give. The top five reward satisfaction points based on a recent poll were:
- Career development opportunities
- Merit increases
- Base pay amounts
- Non-financial recognition
- Employee development/training
This goes to show that money is not always the answer. Further development and training is valuable because it appears to be an investment in that employee's future with that company. Non-financial recognition is favorable because it allows the employee to splurge with their reward. Gift cards make a non-financial reward. For instance, a restaurant gift card to places such as
Maggiano's Little Italy or Chili's allows an employee to appreciate their reward by treating themselves, as well as loved ones. A reward like this allows the employee to experience something special and different from their routine. How do you reward your employees? based on these findings do you think it is time to adjust your employee reward program?
For more information on the latest in employee rewards click here.
