 Approximately 51% of employees are not engaged at work. This lack of engagement leads to increased employee turnover, decreased productivity and so much more. All because employees are psychologically unattached to their work and company.
So, how do you engage your employees to retain talent and boost company culture? With employee rewards and recognition.
Showing your employees that you appreciate and value them is a fantastic way to boost morale and engagement. What are you waiting for? Check out these 4 awesome ways to reward employees.
1. Personalized Employee Rewards Ideas
Showing an employee that you recognize and appreciate their hard work is important. However, having standardized and impersonal gifts or rewards isn’t the way to do it.
If you gift a teetotal person a bottle of wine, for example, the reward becomes quite thoughtless. On the other hand, corporate gift baskets with beer and wine are a fantastic idea for a connoisseur.
Use employee feedback and your own information about the people you work with to think of personalized rewards. Work hard to understand the needs, interests, and preferences of your employees so you can reward them in a way that they will truly feel appreciated.
2. Travel Incentives
Employee rewards programs that recognize and honor the value of time are always a big hit. Rewarding your employees with time off that isn’t deducted from their holiday days is a fantastic way to show appreciation.
These types of rewards really appeal to the emotional side of employees. You can set up an employee rewards platform where points can be redeemed for holiday days or travel rewards.
3. Verbal or Written Acknowledgement and Praise
An employee rewards and recognition program doesn’t just include monetary and tangible rewards. Showing your employees that you value them is also about taking the time to give verbal or written thanks and acknowledgment. This is one of the reasons that ’employee of the month’ is such a popular system.
You can also encourage peer-to-peer recognition in this way by implementing a ‘shout out’ platform where employees and team leaders can recognize colleagues for a job well done.
You can also express gratitude on social media, singling out a different employee each week to post praise about.
4. Offer Health and Wellness Rewards
Supporting employee wellbeing and wellness is one of the most important ways that you can reward and recognize your employees. This involves supporting their mental, physical, and emotional health.
Offer benefits and subsidies that include online counseling sessions, fitness opportunities, and health incentives. You can speak to your employees to find out in which areas of their life they could use your support.
This is not only a great way to reward employees but also ensures that your staff members are happy and healthy, too.
Implement Employee Rewards for Healthier Company Culture
Having engaged, motivated, and inspired employees that care about their work and their company is priceless. You can encourage a healthier workplace culture by implementing personalized and unique employee rewards and recognition programs.
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