Recognizing your employees’ individual contribution is an important aspect of employee appreciation. When done right, it can promote future success for the employee. For instance, an individual may earn a bonus for completing a project on a tight deadline and without any bugs. The employer should clearly explain why this employee deserves the bonus. Of course, there are many more reasons to provide recognition and monetary rewards aren’t the only form of recognition
Developing a System of Recognizing Your Employees
Employee recognition is an important way to reward and showcase a person’s accomplishments. People experience a feeling of excitement when they are recognized by others. Even the smallest gesture like a simple “thank you” can mean a lot to a hard-working employee. In addition to being a way to encourage employee growth and retention, employee recognition is also a great way to reinforce the values of the organization.
The best way to reward and recognize an employee is to acknowledge them immediately after a positive action is completed. If the recognition is delayed, it loses meaning and the recipient may not remember why they were acknowledged in the first place. Another option is to offer a heartfelt thank you, which when done on the phone or in person has a stronger impact rather than through email, which may be considered transactional. It is also important to recognize that everyone’s needs and preferences are different, so you should tailor your recognition to each individual.
An employee recognition program should have clear goals. It should aim to boost employee engagement, retention, and sales. Moreover, it should be authentic and impactful. To get the best results, the goals should align with the organization’s mission. In addition, it should recognize all achievements and provide regular recognition.
What derails employee recognition programs
There are many factors to consider when creating an employee recognition program. It needs to align with your company’s culture, communication style, branding and overall goals. Young startups will have different requirements than large blue chip firms, and organizations with remote employees need to ensure everyone feels included. Employee demographics, technology and personality types all need to be taken into account.
The first step is to clearly define the goals and criteria for the program. If these are unclear, employee recognition programs will fail to be effective. Identify how long the program will run and what types of awards will be given at each level. Also, determine how employee performance will be measured and evaluated. Choose goal-based evaluations or time-based performance measures.
Timing of employee recognition
While recognizing an employee’s contribution is a great way to boost morale and increase engagement, it is vital to time it correctly. Giving recognition too late can have a negative impact, as the employee may not remember the specifics of what they did to deserve the recognition. On the other hand, giving recognition at the right time can have a positive impact, and can motivate an employee to go above and beyond their normal duties. Employee recognition is a cost-effective way to show appreciation for an employee’s contributions and help boost morale and productivity.
Studies show that frequent recognition is an important aspect of employee morale and can lead to a positive impact on employees’ outlook. It also enhances company culture and creates better relationships between managers and teams. Recognition is also a great way to recruit new employees.
Are you recognizing your employees individual contribution? Would you like to know when and how to recognize your employees contribution? Schedule a call or video conference with Kyle Kalloo or call us right now at: 1-844-910-7111