Many clients ask us, “why should I reward my employees?” Well, history has shown us that when employees are valued, their productivity rises. This also creates motivation for the individual to improve their work or to maintain it at a level of excellence. Other employees around the office will also take notice, creating a wave of motivation throughout. Appreciating their abilities can also help build a strong yet essential bond between you (the boss or the manager) and the employee.
Finding the right ways to reward employees can be a difficult task, especially if you’re managing a large team with different tastes. One of the easiest (though simplest) ways to remind employees of how valuable they are is to hold award ceremonies to remind employees of how important they are. Treating your valued employees with personalized awards can be a great way to boost morale. As much as everyone adores gifts, it’s important to also boost workplace confidence using different methods.
Just like businesses evolve to produce results, so must their practices in rewarding employees.
What Does Your Company Value?
We all have a set of values we like to adhere to. Whether it’s through family or in the workplace. And especially when it comes to being in charge. What values do you want your employees to have? You could reward your workers in several ways, other than a promotion or a bonus. Sending a mass email about a recent success or sales goals being topped by an employee recently, to naming meeting rooms after them. Small morale boosts that recognize the capabilities and accomplishments throughout the year can help create confidence among employees.
Inspire to create momentum both in the workplace and in your efforts to reward employees. If small accomplishments are brought to life over time, you can end the year off with a bang by highlighting them at the end of the year at an awards ceremony. Not only will employees cherish their gifts and awards more, but they’ll be able to practically understand what they did to deserve their award.
Company Culture is Everything
Recognition is all about timing. Yes, you may award the Best Employee of the Year annually during the holiday party. But what about the small things that move your company forward to the bigger goals? Congratulate those who are working hard during weekly office meetings or on the spot at a lunch event. Do you conduct social gatherings after work? Happy Hour is another great way to boost office morale and bond with each other. Have you considered fun, low-stake raffles at work events where employees can win a number of prizes? Events like these can boost motivation and friendly competitiveness amongst employees. When it comes to prizes, consider corporate swag that boasts your company’s name on it.
Let Employees Boost One Another
As much as team leaders try to fight it, there will always be a divide between them and their employees. our employees will know just how hard each of them worked. A recent trend that’s taken over workplaces is allowing employees to nominate one another for another for awards. After a major client is landed or sales expectations are through the roof, ask your employees to specifically highlight the efforts of their team members.
Once you have those, you can create personalized, engraved awards or gifts that feature their accomplishments, as selected by your employees. . An award ceremony like this is a great way to empower your workforce and to boost camaraderie amongst the team.
It’s Important To Find The Right Gifts
The cost of business involves treating your employees right. If your employees feel valued, they’ll add value to the company – simple as that. When it comes to rewarding employees, it’s important to find a fine line between going overboard and coming off cheap. It’s said that 1% or more of payroll should be dedicated to recognizing employees. Managing costs and expectations can be difficult, so it’s important to make your funds stretch as far as possible. One cannot put a monetary value on consistently thanking employees but when it comes to spending money, consider corporate gifts that will genuinely make an impression.
In fact, it might be valuable to you and your company to provide gifts that add legitimate value to the workplace. Consider their needs and how they can be translated into ways that boost your business. How about engraved, clocks that always remind them when their next meeting is? What about engraved pens they can use to sign important contracts? Gifts like these can be practically tied into the workplace, making them a win-win for both you and your employees!