Employee reward programs motivate workers to excel by providing clear goals and validating results.
Employee reward programs motivate workers to excel by providing clear goals and validating results. According to a recent survey, rewarding high performance doesn't just encourage employees to achieve milestones and exceed quotas, it also fosters a culture of engagement at the workplace. In the Randstad Engagement Study, workers identified performance-based rewards and promotions as the best way to keep employees engaged, followed by flexible working options, a positive work environment, receptivity to ideas and career development.
However, the report indicated that employers' strategies did not align with their workers' priorities.
"What we are seeing here is clearly a disconnect in what employees want and what employers are actually providing. Employee engagement is not just a nice-to-have factor that organizations should consider – it can have a tangible impact on a company's bottom line," said Jim Link, chief HR officer at Randstad North America.
Whether they offer opportunities for employees to advance or rewards for top performance, companies should create an environment where workers feel appreciated for their efforts. Reward and recognition programs give employees personal incentives for staying invested in their work and can help reinforce the connection between their activities and the success of the organization as a whole.