Holding on to your best employees is one of the toughest challenges that companies face. A recent study showed that 80% of employees say they are more willing to work hard when their boss shows that they appreciate their work*. We all know that happiness and contentment at work is really important and is also a key way to ensure employees don’t start to look elsewhere. But where do you start with rewards and recognition in your workplace?
Positive morale is vital to a company’s success and can boost productivity, so we’ve listed our top tips on how to get started.
Identify the aim of setting up a scheme
Before you begin your reward and recognition scheme, you first need to know what your end goal is. Make sure that the happiness of your employees and workplace satisfaction is the ultimate goal, rather than starting a recognition scheme simply to make your business look good. You should be aiming to start the programme as a way of recognising those hard-working employees, and making sure that you motivate and inspire other staff to follow in their footsteps.
Set it up by committee
When it comes to setting up anything which affects employees within a business, it is important to try to get a consensus opinion throughout the decision-making process. When setting up your reward and recognition scheme, consider bringing together a number of employees, from all various levels within the organisation, to work together and agree the best way it can be managed. Other staff are more likely to be receptive and positive to the idea if they feel that their colleagues and peers had a say in how it was set up.
Decide on the criteria for rewards
It’s important to make sure that the criteria for how and why awards are given is clear, so there is no ambiguity about why someone might receive a reward. It also gives employees something to aim towards. Similarly, you need to consider what the reward will be. There are a variety of ways in which you can reward staff, such as giving them monetary bonuses within their pay packet, giving additional annual leave or providing presents or gifts. One of the increasingly popular ways of rewarding staff is with gift cards which provide employees with the ability to purchase their own reward in their own time. Argos eGift Cards are a great option. They provide an instant reward to your hard-working employees, which is sure to keep them motivated.