It's common for organisations to recognise employees who have worked for the company for 10, 15, or even 20 years at the end of the company's fiscal year. Typically, each worker is given the same plaque, handshake, and five-minute speech slot. Their years of service were reduced to a single anticlimactic moment. Rewards and recogntion program are the best way to make your employee feel special.
This scenario is common in many businesses, as only 46% of employees rate their managers and supervisors as providing above-average recognition. Organizations that want to increase employee engagement must establish a climate of appreciation and recognitions. Rewards and recogntion program are the best way to make your employee feel special.Continue reading to discover why you should recognise individuals with personal awards and 12 reward and recognition award ideas that can boost employee participation across your organisation.
The Pluses of Employee Awards
Compensation may provide work satisfaction, but it does not satisfy your employees' underlying desire to be valued. Instituting an awards system that speaks explicitly to each employee's unique contributions communicates to them that you are paying attention to and appreciating their efforts. Rewards and recogntion program are the best way to make your employee feel special.
Insightful awards share memories that connect your workforce to your company and can be just as meaningful — if not more so — than other types of rewards. However, only 33% of respondents in Deloitte's Global Human Capital Trend Survey believed their company would like to enhance their awards programme.
The Quite Group (which used to be Shop Direct), an electronics store in the United Kingdom and Ireland, for example, supports over 50 million products. Shine, their recognition and remuneration (RR) programme, has grown from providing 8 to 1000 awards per year, with over 355,000 recognitions sent to date. The Very Group was earned the U.K. Employee Experience Award for Workplace Recognition and Reward with Shine guiding the company's practises, and the company earned a profit in the first time in ten years.
Employee Medal Industry Standards
You'll be well on your way to rewarding employees with meaningful awards if you follow these simple recommendations for appreciation:
Recognize your employees on a regular basis, rather than just at yearly milestones or work anniversaries. To make recognition a part of your cultural form, communicate it in real time and on a regular basis.
Public acknowledgement: Your employees work hard while no one is glancing. A public award helps ensure that the people who work tirelessly behind the scenes are recognised and celebrated by all.
Recognize actions that are consistent with your company's values: Your awards programme should be consistent with your organization's values, brand, and desired employee experience.
