Employees are always wondering if they have met the company’s standards or not. They are able to contribute more once they are recognized for their work and efforts. This way, they will feel like an important and valuable part of the team. They will radiate loyalty and confidence. The rest of the people working in the company would see this and be motivated to work even harder and more efficiently in order to be recognized and get a taste of praise. Employees are attracted towards such companies that provide this type of culture.
The employees are not motivated to do more than the required minimum work when they are not being appreciated or noticed. Your company will not be praised by the people working there. You ruin your chance of potentially great employees displaying great work ethic to other companies by not rewarding them for their efforts. The positivity of praising your employees and gratifying those that work alongside you will one day pay off in a great way.
Everyone including customers, employees and clients will notice all the positive vibes that surround your brand. And this way, people that currently work in your company will be highly inspired and will work harder than before. The office burnout and the employee turnover will decrease and there will be an increase in the productivity and morale of the employees. This is a win-win situation in the true sense.
You want to do all of this but you are unsure where to begin when it comes down to rewarding your employees? In order to see how an incentive program can work miracles for you, just follow the tips given below:
You are required to have a fine and well-defined set of guidelines. One thing to bear in mind is how to have some balance in check while rewarding people. It could be a perception of favoritism by others in the office if you keep rewarding the same people for the same achievements. Everyone would inevitably start thinking that no matter how hard they work, they will never be rewarded for it. And this can be bad. In order to avoid this, specific guidelines need to be set. What will be the reward? How often will you award the people for their hard work? What constitutes being the employee of the month?
Diversity and Variety
It should be kept in mind that everyone has a different set of skills that make them unique when you are developing a reward system. So, you cannot set the criteria to only award the people who make the most sales every month, as that would exclude the employees that showcase their talents in marketing or customer service. You should also consider to mix up your reward. Your reward should be something that goes beyond age, gender and so on... Everyone should have a fair shot at it.
It is actually the thought that counts when it comes to providing your employees with incentives. Think about saying thank you or throwing a party in their honor if you are unable to afford to award everyone with high bonuses. Giving hard working employees long lunch breaks can also be an alternative to this. Also, a handwritten note describing how well the job was done, appreciating the hard work put into it and recognizing the talent can work wonders. Well, we believe that something is better than nothing at all. Warm words do touch the heart.
We at Stitchy Lizard recommend you to take a look at our section of miscellaneous products so that you can get awesome and creative reward ideas. These include speakers, sunglasses, tumblers, tote bags etc. There is something for everyone here.