Employee Rewards, Recognition, Engagement
In post-COVID world, where employee engagement and productivity levels are likely to see a significant decline due to the negative news in the business environments; organizations need to work on various initiatives to boost employee motivation.
In today’s word, organizations can ill afford not to invest in employee engagement initiatives. Most experts consider it to be one of the most critical contributing factors for ensuring sustained business growth and building competitive advantage.
The above points can help organizations in driving business productivity and quality through employee engagement to maximize their business growth and profitability, and to stay ahead of the competition.
Understanding the key elements of a perfect employee recognition program is the first and the most important step that organizations need to take in the direction of developing such a system that is effective in motivating their employees and driving business growth.
This step-by-step guide on how to set up an employee recognition program is based on best practices from several organizations that have successfully implemented employee recognition programs. Each of these steps plays a critical role in laying a strong foundation for building a recognition driven organization culture that promotes innovation, performance and business growth.
Organizations should come up with innovative and engaging names for their employee rewards and recognition programs. These names should be reflective of the culture of the organization and should stick in the minds of the employees. Getting such an award should make the employee feel special for a long time. So, it’s worth the effort!
Implementing work from home may pose certain challenges for organizations; however, if planned and managed well, it can yield several long term business benefits for the organizations as well as for the employees.
The COVID-19 crisis has changed the way organizations and employees work significantly. The post-COVID world for HR professionals is likely to see new challenges that require fresh thinking, new approaches and significant learning to keep pace with these changes in the workplace.
Organizations can improve employee retention significantly by implementing a few simple strategies. This can, in turn, impact on the long term growth, productivity, and success of the organization positively.
Organizations need to stay alert to these signs of disengagement among employees and take timely action to reverse the trend and actually improve employee engagement levels in the organization.