Employee Rewards & Trophy Value
Employee rewards should be as memorable as the effort that employees put in to earn the reward. Building up trophy value will making lasting memories of employee recognition and employer appreciation that will maintain lasting employee morale.
Trophy Value Make employee recognition memorable for employees. Bonuses are nice but a short trip or a personal gift are memorable. A trip or gift don't end up paying the bills or put away in the savings account. These employee rewards allow employees to relax and treat themselves, without thinking they should be using the value for a practical purpose.
Choosing the Right Employee Reward Employee rewards are something employees work hard for and put in extra effort to achieve. The reward should fit the effort an employee exerts to achieve it. Don't forget the extra effort employees exert to earn rewards. The same way a punishment should fit a crime, an employee reward should fit the good behavior.
Cash Isn't Always King Cash bonuses are great in certain situations. We aren't telling you to get rid of the Christmas bonuses, but smaller spot rewards don't need to be all cash. Small denomination gift cards allow employees the trophy value of treating themselves to dinner at The Cheesecake Factory, a new T.V. from Crutchfield, or a new outfit from The Limited. Gift cards allow employees to treat themselves without feeling guilty.
For more information on creating trophy value with your employee rewards check out this article from Incentive Magazine.
Employee Recognition Builds Motivation
No matter if you're in the mailroom or the corner office employee recognition has remained a constant in employee motivation. Regardless of the economy, or stage of career all employees want to be recognized and it inevitably leads to motivation and increased productivity. A lot has changed since the 90's, but back then high wages was an employees number one motivator. When employees were asked what motivates them the most more recently, full organizational appreciation of work done ranked number one. When asked for one thing that would motivate them more at work, 31% of employees mentioned better treatment including more praise and a sense of being valued within the organization. Employee recognition is a valuable tool. You can make grand gestures like a company retreat, or a paid vacation for top performers, or smaller expression of employee recognition that can be just as effective. A small denomination gift card to a popular retailer like
Crutchfield,
Boston Market or
Burlington Coat Factory, paired with a public call-out at a staff meeting can be a great way to give employees the satisfaction and sense of value that will motivate them and maintain a high level of productivity.
HR.BLR provides a great breakdown on what you can do to motivate your employees through employee recognition. When done the right way, employee recognition can motivate your whole organization and promote a culture of productivity and teamwork.
Truth, It Will Boost Employee Engagement
Remember the phrase "the truth will set you free?" Well, we aren't here to solve all of your problems, but we are here to tell you that the truth may be able to help boost employee engagement. It is time for all of the corporate hierarchy to melt away and for organizations of all sizes to work on open communication and employee engagement. Transparency and truth-telling will open up the lines of communication and engage employees in making the organization the best it can be, which makes employees do the best work they can. Dropping away fear and hierarchical force allows employees to feel comfortable enough to tell the truth. Here are three ways to use truth and open communication to engage employees.
3 Keys to an Effective Employee Safety Program
An employee safety program can be tough to implement and even tougher to get employees actively engaged in. An effective employees safety program can be a sound investment that keeps your workforce safe and mitigates risk of workers compensation cases. Here are three ways you can ensure the implementation of your employees safety program is effective.
Mix the Right Employee Rewards With the Right Performers
Every organization has a variety of employee performers. There are over-achievers, those who put in the work 9-5 and play their role and then the under achievers who could maybe put some more work in more of the time. Ensuring that your employee rewards match each type of performer and each individual employee's performance. Here are 3 tips to keep your employee rewards program in line.