The 10 reasons to reward employees for a job well done
1. Increase in productivity
As an Employee – you want to be recognized for doing a job well done. Even the littlest of things. When an Employer Recognizes that behavior, and rewards that behavior – with something as simple as a Thank you Note or even a High 5 – The Employee repeats that behavior – which is what every employer wants. Happy Employee = Happy Customer.
2. Employees look forward to coming to work
Happy employees make for a happy workplace. Happy Employees are infectious. Smiling, Happy Employees bring out the best in each other making for a stress free work place. Your customers can sense a happy staff and will be more likely to return to that environment knowing that they will be well taken care of.
3. Getting a return in your investment by promoting from within
The incorporation of a recognition program into your Company’s Operating procedures not only benefits your employees, but management as well. Recognition programs bring out the best in individuals and makes them stand out. The ones who strive for that monthly award are the ones who will be motivated to strive for bigger and better things – having a mindset that they are not just there for a paycheck.
4. It keeps your Employee Turnaround Low
Employee recognition benefits your bottom line. It maximizes employee retention and loyalty. A simple thank you, or a celebration of an employee’s achievement is all it takes – and in turn this will benefit your company’s retention rates. By keeping your turnaround low – You’re investment in each employee is being returned to you by not having to hire and train new employees.
5. You will meet your company goals
Not only does an effective award and Employee recognition program make your employees happier, but it also gets them engaged in their work. When goals are being set with incentives to reach that goal are in place, we work harder to achieve the goal to get those rewards. It’s so simple, even a cave man can do this!
6. Promotes your company’s values
Every successful business has a Mission, Goals, and core values that made them successful. Use a combination of all of them to create a family of measures by which you pick your employee of the month. Let the employees know what they will be judged on and why those family of measures are important to your company’s success. It’s great to incorporate the company values to your recognition program. Don’t just recognize when an employee does the obvious, recognize the purposeful ‘attention to the values & execution’ that the employee used in order to achieve it.
7. “To Go” Recognition
An Employee of the Month is an excellent tool to recognize the one or 2 individuals that went above and beyond for the month. But you have to wait until the end of the month to get that recognition. But by incorporating “On the Go” daily or even weekly gratitude for a job well done- gives immediate satisfaction and motivates them to do it again and again. Recognition is all about being instantly gratifying. If an employee is working extremely hard, demonstrating values of the company, and are being super productive, why not congratulate and recognize them on the spot. Hold a staff meeting and do a quick presentation. This ‘instant’ recognition will work wonders. Instantly recognizing an employee for their achievement works to ensure their actions are repeated time and time again.
8. Euphoria
You’ll discover that spending just a quick little moment here and there recognizing your employees will have a relaxed and calm workplace as an end result. A Zen feeling! Welcome to the best place to go “to work”. Employees will feel appreciated, it gives them a sense of belonging to a work “family.” They will want to come to work, on time, dress code compliant, with a “let’s kick some butt today” attitude. They’ll laugh, be productive, all the while taking care of your customers!
Whether it be a quick high 5, fist bump, pat on the back, or a full-on shift party, take 10 minutes out of each day to recognize an employee’s achievement – and they will all strive to get that immediate, personal recognition.
An employee incentive program is designed to reward and recognize exceptional employees for reaching goals that are aligned with company goals, achieving milestones, or by simply doing a great job. These programs have proven to be very successful in increasing motivation, morale, and the overall performance of the office. It’s also a wonderful way of showing your employees that the company appreciates their hard work and dedication to the company.
If that’s not enough, here are ten key reasons why your company needs an employee incentive program:
- Reciprocated Benefits – An employee incentive program is beneficial for all parties. Employees feel valued and motivated which leads to productivity and commitment to the company. A motivated, concentrated, and loyal employee is an intangible asset.
- Improved Motivation – Work is called work for a reason, it’s not exactly fun. Staying motivated at work can be difficult at times. These programs are an excellent way to maintain motivated employees and to improve motivation within employees that are finding it difficult. By offering rewards, employees can find it easier to stay motivated since they reap the rewards and also feel good about working hard for a company that’s willing to recognize hard work.
- Improved Company Morale – Rewards and recognition can go a long way. The no longer gloomy office is now buzzing with happy employees, and everybody can notice. People aren’t late, dragging their feet into the office but rather are excited to go into work.
- Improved Company Loyalty – Maintaining loyal employees can be a challenge at times. However, by offering incentives for hard work is a great way to show appreciation but also maintaining commitment from employees. An employee is more likely to stay with a company where there’s some relationship there that encourages hard work but also recognizes it as well.
- Improved Productivity – By setting clearly defined goals with a reward tact onto the completion of said goal does wonders. Employees are more prone to do more, quicker because they know that it won’t go unnoticed. Incentives encourage this types behavior.
- Improved Completion of Objectives – With incentives motivating employees it’s easier for them to reach goals and objectives that are aligned with the company’s.
- Lowered Costs – Although implementing an incentive program means you’re allocating money to create a budget of your choosing, but that’s nothing compared to what the company will be saving on reduced absenteeism, recruitment costs, and employee turnover. You’ll also be able to see the ROI from how productive and motivated employees are in the office.
- Lowered Absenteeism – With incentives in the mix people will be more hesitant about using those sick days. The day they called in sick to go to the beach instead could have been the day they were rewarded.
- Improved Team Work – With many incentive programs offering group rewards it can almost work as a team-building exercise. Employees working towards a goal or objective will pull together to achieve the results they want.
- Lowered Turnover – With improved motivation, productivity, company morale, and loyalty make for a great work environment. With more employees enjoying coming into work and working with one another people will be more hesitant to leave. The advantage to this is the company is saving time and money by not having to recruit or train new employees.