Employee Recognition Programs = High Turnover
Are you using such strategies to improve your company’s bottom line?
If you are managing a group of people, you must learn to motivate others. If you focus on understanding what motivates other people and how to meet their needs, you will be well on your way to a positive and enlightening experience.
When an employee will receive appreciation for his/her hard work, they will work with full motivation and bring more benefit to your business. And this can be possible by showing gratitude like “Thank You” by offering custom trophies, awards, or corporate gifts. In case, if you say thank you publicly, for example, in a conference, meeting, event, or other occasions, they will make a substantial contribution to the organization through their work.
To show value and appreciation for their efforts, many companies implement ongoing recognition programs designed to thank employees for a variety of achievements. Companies may even present holiday packages for employees’ special achievements.
Hence, appreciation and recognition are major determinants that motivate employees to aim higher. By praising employees for their achievements in front of colleagues, it excites everyone to work harder.
So exactly can you do this?
Let’s have a look at the following ways to motivate employees.
Table of Content
Effective Ways to Motivate Team
- Awards and Trophies
- Health Insurance
- Paid Vacation or Paid Time
- Performance Bonuses
- Flexible Hours and Work From Home
- Gym Membership or Wellness Program
- Employee Development Programs
1. Awards and Trophies
You should never estimate the power of awards and trophies. Presenting trophy awards of crystal, wood, and metal to your employees according to their work will motivate them for the next project. They will show appreciation, plus can become an example for the rest of your team. Plaques are also an amazing option. It’ll surprise how much motivational currency that will produce. These awards are available in different shapes and sizes and can be tangible or intangible. For example, the manufacturers of crystal trophy in Singapore design it with full enthusiasm. So, choose one and thank your employee to build a stronger organization.
2. Health Insurance
First of all, this is exactly the benefit for the staff, which gives peace of mind that comes with the knowledge that the person and his loved ones are insured in the event of a serious accident or illness. The main thing is that the employee does not have to pay for such a service.
Some benefits come with employer-side health insurance. As a result, due to free or almost free preventive care, the number of employees who are absent from work due to illness is reduced. An additional plus of this system is the involvement of people in the labour process since such a benefit gives the staff a feeling of being cared for by the employer.
3. Paid Vacation or Paid Time
Time is your most valuable gift because you only have a certain amount of it. Meeting the needs of company employees for the rest increases employee motivation. Many companies have taken this idea to its logical conclusion by introducing open vacation and weekend policies. An unrestricted vacation policy has a wide range of benefits, including increased productivity.
Aligning vacation policies with staff performance can have an important positive impact on the overall culture of an organization. An open vacation policy will allow employees to focus on what is best for them and the company they work for.
4. Performance Bonuses
You need to associate monetary rewards with positive emotions that drive your employees to work enthusiastically. Employee productivity benefits are the best way to do this. They will allow your employees to feel the opportunity to control the situation and influence the improvement of their financial situation. By becoming full participants in the process, your employees will be motivated to achieve the best results in their work.
5. Flexible Hours and Work From Home
Flexibility is increasingly becoming a welcome advantage for the modern employee trying to find a balance between professional and personal. Flexibility is a necessity for families with many different responsibilities to fulfil at the same time. This means that employees have the right to independently regulate their working day, and not be chained to the table. As a result, it contributes to more active staff involvement in work.
6. Gym Membership or Wellness Program
Sitting at work for long periods of time leads to many negative effects on the body like chronic conditions. But many companies have found a way to combat this negative trend. Some organizations provide gym memberships to staff as a privilege for employees. Other companies offer free vaccinations for influenza and other seasonal illnesses. Employees should remain free to choose their degree of participation in the program. Integrating daily or weekly voluntary exercise into working hours communicates to employees that the employer is concerned about their health and well-being.
7. Employee Development Programs
Designing and implementing employee development programs will be an excellent way to ensure a mutually beneficial relationship between employer and staff. Some companies are implementing individual development plans. Such privileges involve staff working with managers to determine four personal and four professional goals for each of the employees, as well as choosing ways to achieve what they want. So, employees must constantly increase their skills. After all, developing the professional and personal qualities of employees becomes a valuable advantage.
The future of your workspace may depend on how well you embrace the new trend of employee benefits and perks at work. The above-mentioned concept of corporate culture development can definitely create an atmosphere in your company that contributes to the successful development of the organization. After all, taking care of your employees is one of the most effective ways to create a positive company image. As a result, the professional level of your employees will also grow.