Employee rewards and recognition programs effectively assist in recruiting and retaining top talent by making employees feel like they are treated fairly, appreciated, and encouraged to achieve the company’s goals with hard work and motivation. Here are a few tips on how to organize quality programs for your employees
- Get feedback
A good workplace environment goes both ways. The employee should be awarded, but the employer should also know how the team feels at work and where they need push and support. You can ask your employees to fill out a form describing their work satisfaction and evaluate them accordingly.
- Decide how to reward employees
Considering the number of employee rewards and recognition, the type of awards, and the budget, formulate a plan on how you want to reward your employees. If your budget is not very high, you can consider non-monetary sources of rewards like recognition and promotion. It is important to note that a public shoutout can be as powerful as a monetary incentive.
- Spread awareness
Inform your employees regarding the program and give them a gist on the rewards and recognition. This way, you can promote a healthy work environment that promises rewards and also push the employees to work harder and bag something for themselves!
Once you’re done with the program, evaluate the challenges faced and document them to learn better for the next program. Take a look at your awards and their fairness and learn if your employees are looking for something better.