Thursday, 16 June 2011
Seven Ways to Reward Employees @ Work
No matter if your organization is big or small … it is your People that make up a business. And it is their collective efforts that determine your success. It is also true that Recognition and a timely pat on the back go a long way in keeping them happy and in turn with your organization. Compensation is what an employee receives for doing the job he had been hired for but Recognition is an honor for the efforts put in beyond the boundaries of duty.
A lot of organizations, however, look at rewards and recognition purely as a cost line. While the emphasis of being cost-effective cannot be undermined, it is also a great challenge to be cost effective and come up with unique ways to reward employees. Here’s one such humble attempt… 7 ways to reward employees J
7. Birthdays are always special to every individual. Although for some it’s about getting old, it still is a day of celebration. Give your employees a paid day off on their birthdays. If momentary work pressure does not allow you to do so, then, arrange for a nice office birthday party. A small cake and some flowers and balloons can make your employee feel really special. Give him a day off some other time.
6. Respect your employees’ needs. You might ask how this is a reward? Every individual is bound to have family commitments. They might need to attend someone near and dear in the hospital, or for that matter pick up their children from school on a specific day, or, need to attend some very important family occasion. Value their commitments, for they in turn will value you.
5. The least expensive and one of the best rewards you can give your employee is a ‘Thank You’. These two simple words can make your employee feel great. This can be a really good reward for an employee as he understands that the company has recognized his/her hard work. On a monthly basis, hand out badges to the performer of the month. Allow them to carry the smile. Even address them by calling them ‘a champion’
4. One can also, occasionally, make arrangements for a dinner party. Invite your employees' families over to office without letting them know. This can be a sweet surprise.
3. Let co-workers write something they truly like or admire about the best performer. Then put them all together on a scrap paper along with an office group photograph and give it to him/her. This can be a truly likeable yet inexpensive gift.
2. When an employee does something really worthwhile for the company, ask the entire staff to give him a good round of applause at a meeting. Nothing works better! This however will not work if you choose to give someone critical advice on their performance in front of a group!
1. Pay it forward! Ask the managerial position holders to write secret hand-written notes of appreciation to their subordinates who have performed well. This will not only keep the employee guessing but also will ensure that they are nice to everyone around (not knowing who has written them a note)
If one looks at it objectively, all Employees expect is some amount of understanding, recognition and trust from their superiors. Once you understand this and act accordingly, the office becomes a much better place to work.