Organisations that don’t show appreciation for their staff may face higher staff turnover. This problem will become a real issue as the ‘war for talent’ intensifies.
A common concern amongst many SMEs is reward and recognition schemes are too expensive and time consuming. However it doesn’t need to be this way and this article explores several options that reinforce positive behaviour and show appreciation for staff without breaking the bank.
Treat people fairly
Many organisations join in on traditional reward and recognition methods such as ‘employee of the month’. But this can leave some staff feeling unappreciated because they feel it is “their turn”. Managers can also struggle to balance out the rewards over the year.
Always ensure you take the time to personally thank employees. Whether by email team meetings, or a one-on-one appraisal. A small gesture of recognition will put staff in an uplifting mood and encourage them to keep up their continuous efforts.
Put incentives in place
If you reward your staff with the ‘employee of the month’ title but with no actual prize, then staff may not feel as encouraged to excel. All it requires are small tokens of appreciation, vouchers or time off work. At Recruitment Genius, for example, our staff love that they are rewarded with national lottery tickets. If staff have something to ‘win’ at the end, it will keep the momentum going. It will also implement a healthy bit of competition.
Find out what staff really want
Do your own research to find out what your staff would really appreciate in return. If they have been working late nights, would they really appreciate the chance to come into work later the next day? Or would they rather be given time off to spend with their families to make up for the nights away at work? Paying attention to what staff are really asking for will make their hard work worth while.
Review rewards every once in a while
Giving the same gift every time an employee excels doesn’t stay a reward for long. It becomes an expectation. Thus leaving staff feeling less valued. That’s why you need to hand out different rewards every so often. That way you will keep momentum and make their efforts worthwhile.
By appreciating your employees’ efforts you will see a real benefit for your business. Employees with high self-esteem will do wonders for your company. Staff may feel more inclined to “go the extra mile”, have a heighten level of commitment to the company and strive to meet performance expectations.
However, if you opt out of a reward and recognition scheme then office morale may decrease fast. Unappreciated employees may be less productive at work and may look elsewhere. This could lead to a high rate of staff turnover. Therefore this scheme is important to employees and to the business. The purpose is to help motivate your staff to earn rewards, which ultimately helps you reach your business’s goals.
Become a Recruitment Genius
The induction process can be a daunting prospect for both the manager and the employee, with lots to remember from…
Making A Job Offer
This is one of the best parts of the recruitment process, as you are able to give the candidate the…
Effective Reference Checking For Prospective Employees
Reference checking is typically considered time-consuming and ineffective. However this is generally because companies adopt the wrong approach. Recruitment Genius…
Illegal Interview Questions
As an employer there are plenty of questions you are entitled to ask at interview. However, there are many questions…
Effective Interview Techniques
Whilst interview techniques will vary depending on the amount of time you have and the position you are recruiting for,…
Shortlisting Candidates for Interview
Whilst short-listing can be a time-consuming process, it is also an exciting moment when you get to meet the potential…
Could Application Forms & Career Portals Actually be Damaging Your Recruitment Campaign Prospects?
Career portals start with the best of intentions – to differentiate you as an employer of choice, underline your employer…
10 Tips To Improve The Success Of Your Online Recruitment Advertising
Online recruitment has revolutionized traditional advertising. You can now truly measure your return on investment and identify the most effective…
Secrets To Online Recruitment Success
Online job sites are arguably the most effective way to reach a wide range of candidates simply because they are…
Choosing The Best Online Job Boards
If you do not choose the best online job boards, then your recruitment campaign runs the risk of immediate failure.…
Selecting The Best Online Recruitment Company
The good news is that the age of expensive, poorly targeted newspapers and print media is pretty much dead. But…