Employee reward and recognition programs allow supervisors to reinforce positive values exhibited by their staff to help build a supportive environment.
Passionate and motivated individuals can lift the performance of their entire department, contributing to the success of an organization. Identifying and retaining these employees without the right tools is nearly impossible, which is why businesses need to provide their managers with the authority to recognize staff members whenever they see positive examples.
Employee reward and recognition programs allow supervisors to reinforce positive values exhibited by their staff to help build a supportive environment for personnel. Staff members who know they can earn the respect or their peers and supervisors with a little hard work are more inclined to put in the extra effort. Rewards and incentives are effective ways to communicate expectations and lift employee engagement. They can also be the key for improving employee retention.
Lift engagement with career development
Career advancement is a big part of why individuals leave their current organizations. Southern Alpha reported that approximately 15 percent of people cite being passed over for a promotion as the reason they seek new jobs. Businesses that develop comprehensive career development programs could find success in maintaining top performers.
In particular, young workers are interested in knowing they have a future with their current company. Outlining potential career paths offers a way for people to see the big picture, but managers also need the ability to identify if specific skills have been learned. Recognition programs can be easily modified to include career development benchmarks. As employees show proficiency in certain tasks, their supervisors are able to acknowledge their efforts. This way, all team members obtain specific accolades that show their various accomplishments and help them identify what new skills they need to learn to earn a promotion.
Rewards can be earned by attending training sessions or simply taking on additional responsibilities. These efforts keep workers motivated and engaged as they advance down their chosen career paths. Teamphoria noted that digital recognition even creates a trail of accomplishments which can be used to show improvements when seeking promotions.
Of course, employees may not always be looking for a new title or better pay. Zane Benefits stated that people are also increasingly interested in flexible work options that improve work-life balance. Companies should not be afraid to adjust their rewards to deliver more meaningful experiences. Earning additional vacation days or the ability to work from home can also boost employee engagement. Having regular conversations with staff members about their goals and expectations can help organizations craft incentive programs that are well-received.