Employee Rewards, Recognition, Engagement
It is clear that lack of employee recognition program can hurt an organization given that it is one of the key elements of motivating and engaging employees. Hence, organizations that haven’t set up such programs should necessary steps to address it and implement a robust employee recognition program in line with their business needs and expectations of their workforce.
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.
Deciding on the types of awards to include and the criteria for each of them are the critical aspects of designing the employee rewards and recognition program of an organization. The types of awards chosen should reflect the objectives of the program.
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!
The ability of an organization to stride through difficult times depends a lot on how it can garner the support, dedication and commitment of its employees – recognizing them in a timely and effective manner is definitely a key step towards it.
Recognizing employees for their achievements has a significant impact on the overall engagement of the workforce and results in higher business growth and profitability.
All these measures can help organizations to keep employees motivated so that they stay with the organization for a longer duration and work harder to achieve the goals. This ultimately helps the organization achieve greater success.
It is high time for traditional organizations to start implementing modern employee rewards and recognition practices for creating a highly motivated and engaged workforce if they want to attract, engage and retain top talent and drive a higher level of business growth.
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 award certificate represents the extra mile that an employee has gone for the organization and the acknowledgement of the same by the organization. At the same time, is aspirational for other employees who feel motivated to work harder and perform better to get the same treatment. The award certificate makes the employee feel valued and special.