Despite conceptual differences, both employee recognition and appreciation play a critical role in keeping the employees engaged and motivated. That is why organizations need to combine both of these to consistently motivate and get the best out of their employees.
The importance of intrinsic rewards stems from the fact that they offer an effective and low-cost way for organizations to engage employees and derive longer-lasting benefits. These intrinsic rewards can create a sense of joy, fulfillment, happiness, and satisfaction among the employees, which in turn will drive greater performance.
Building work culture and environment based on effective employee recognition programs can deeply impact the various levers of business growth and productivity. It contributes towards cultivating a positive work environment, continuous employee development, employee engagement, and stronger retention. These factors play an important role in defining the growth trajectory of an organization besides helping it to forge ahead of its competitors.
Implementing the above ideas of rewarding and recognizing top performers can help organizations enhance the engagement and motivation levels of their employees and thus get the best out of their best employees.
The above examples can help provide a general direction for managers and supervisors to write truly motivating messages for recognizing employee performance; which will encourage the recipients to keep performing at a high level and drive business growth.
The importance of having a highly motivated workforce cannot be overlooked by organizations seeking consistent growth and success in today’s highly competitive business environment. Hence, it is not surprising that most organizations today strive to keep their employees highly motivated and engaged.
Implementing these strategies can help organizations improve the motivation levels of employees and ensure that employees consider themselves to be a valuable asset, and work towards driving business growth and profitability.
The implementation of an effective employee recognition program can drive cultural change in an organization over time. Such cultural changes can provide long-term benefits for an organization and fuel business growth.
Building a strong culture of appreciation assures individual employees that they are not only seen and heard but also valued by their employers and peers. This enhances their sense of self-worth and makes them an active contributor in the process of growth and success of the business.
Our suggestions on the best non-monetary awards provide a cost-effective way of assuring the employees that they are valued and appreciated for their hard work and contribution and this, in turn, enhances their sense of belonging and loyalty.