26 Sep Employee Rewards & Recognition
Employees are the primary driving force behind a successful business. They help to create, market, sell and distribute product as well as provide customer service. As an employer, it is of upmost importance to show your employees that you appreciate them and their many contributions. Employee recognition programs and awards are a great way to keep your employees motivated and invested in your business.
Employee recognition programs should help inspire employee creativity, improve productivity and lower staff turnover. An effective employee recognition program is one that applies to all employees and helps to motivate the entire staff. Following are some ideas that might work for your company.
Anniversary/Years of Service – It is important for employees to feel appreciated. Loyal satisfied employees can stay with a company for years, moving up into various positions, or staying in positions where they excel. Whether your employees have been with the company for one year or twenty-five years, you can present them with employee recognition awards for their anniversaries. Implementing a recognition based on years of service can be motivational on several levels. Veteran employees appreciate the way in which the company publicly acknowledges years of services and new employees can be inspired to remain with the company and reduce turnover. When an employee hits a milestone, you could even implement cash rewards or additional paid vacation time. This investment in your staff can help to reduce the larger cost of replacing employees.
Certificates – Not every recognition program needs to cost the company money. You can develop programs that recognize employees with colorful printed certificates that are hand signed by an executive team or manager. Program ideas could include perfect attendance for each quarter and departmental employee of the month as voted by departmental employees. You could encourage departmental managers to develop certificates as a way of letting employees know that their effort is appreciated without taking anything from the company bottom line.
Production – Employee recognition programs based on productivity help to motivate the employees and increase output. These programs should be open to all employees in the department. A good example would be to develop an award that rewards the employee in the accounting department that collects the most revenue on invoices. This would increase productivity across the board, and the company would receive revenue from the invoices collected.
President’s Club – A President’s Club can be used as a way of recognizing the top employee from each of the departments. You could even get your vendors involved in sponsoring the President’s Club to help reduce your costs. You could advertise the President’s Club to your employees all year long. An effective award may be a weekend trip for all of the winners to a popular vacation spot with all expenses paid. Allow employees to bring one guest each and remind employees constantly of this promotion to motivate them.
Some other areas that you could come up with recognitions programs and awards are for customer service, safety, sales, community service or even for most innovative employee. “Thank You” can really go a long way!