How hard do your employees work for you? When your employees produce excellent work, do you take the time to thank and reward them? Not only does recognition make employees feel good, your praise incentivizes them to excel and helps retain them. Cultivating an atmosphere of continued achievement begins with giving credit where credit is due.
Research from Bersin & Associates reveals that 80 percent of surveyed employees feel more motivated to work when they believe they are appreciated. Another 71 percent say they’re motivated by the competition when peers are recognized for their work at least monthly. Proper recognition can do wonders for engaging your employees, even if they aren’t the ones being recognized.
Today, we share five simple and effective ways to recognize outstanding work from employees.
1. Buy a gift. The best employees give a lot of time and effort to their job, and you can return the favor with a gift. Put some thought into what you give. Generic gifts, such as gift cards, are appreciated, but they hardly show how much you truly value your employee. Instead, consider the needs and wants of your employees and don’t be afraid to spend a little cash to make them feel appreciated.
2. Create a personalized plaque. When an employee produces particularly good work, they deserve recognition beyond a simple gift. Give them something to forever commemorate the occasion, such as a glass plaque or award that can be displayed publicly on a shelf or mantel, and becomes a long-term keepsake for the recipient. Within the promotional products industry, the options are almost limitless. Opportunities to recognize good work can include special designations such as Employee of the Year, Rookie of the Year, Most Valuable Player, or other top-performer recognition awards. You might also reward employees for sales, leadership, milestones, customer service, safety, partnership or special categories.
3. Designate an Employee of the Month. If you’re in an informal setting and a banquet or award plaque seems too formal, consider developing an Employee of the Month program. It might seem like a simple way to recognize great employees, but it’s effective, and engenders productive competition and helps boost morale.
4. Invest in professional development. When you have high-performing employees who are eager to learn and advance their skills, reward them by providing professional development opportunities. You might pay for them to attend an industry conference (bonus points if it’s located somewhere tropical) or education program that provides training in their area of specialty, or pay the tuition for college classes related to their current work or career goals.
By investing in an employee’s education, you’re sending the message that they’re truly valuable. In addition, it motivates the employee to do a better job. It’s an investment in the employee and your company.
5. Donate to a nonprofit. Do some good while showing your top-performing employees you care. Allow your best employee to select a charity, and then donate a high-dollar amount to that organization. Studies show that when employees are enabled to provide service or donations to those in need, even vicariously, they tend to be happier and more motivated in their careers.
Source: Jenna Cyprus is a freelance writer in Renton, Washington, who is interested in travel, nature and parenting.