Want to make your employees feel appreciated? One of the best ways is by acknowledging and rewarding them for the exceptional work they’ve done. It makes them feel treasured, resulting in improved performance, encourages employee engagement, and retains them in your company.  

However, there are certain things to keep in mind and question before the recognition and rewards program. These include: 

• Is your rewards process fair and understandable?

Make sure that your employees clearly understand your reward system and that it’s fair. By “fair,” we mean that everyone participating must have an equal chance without becoming overly competitive. It makes the employees motivated, engaged, and it can promote teamwork as everyone helps everyone else reach rewards.

• Are the employees satisfied with what you offer?

Employee surveys are a great tool to identify what makes them happy and engaged. It also takes out the guesswork for determining if your planned rewards are going to be appealing.  

Some of the most successful rewards have been ones that add items designed to enhance their employees’ productivity by merely giving them shopping vouchers or travel incentives, or extra time off to spend with their families. 

• Is there a recognition culture in your company?

Though direct managers are usually the best people to honor their teams, senior leaders should also acknowledge the teams. When the recognition comes from the top management, it paints a whole new picture of encouragement for everyone. 

• Does your recognition program go well with your business values?

Align your rewards process with your business’ values, and you’ll quickly see how it influences the engagement. The program holds the power to impact cultural changes by dispersing critical messages about the importance of employee contributions. The positive reinforcement allows the employees to embrace and bring the company’s culture and values to life.

• How frequently do you reward the employees?

Regularly reward your employees. Rather than waiting to reward everyone yearly, or only at the time of their performance reviews, create inventive ways to show thanks and reward them whenever they’ve performed extraordinarily.

• Are you giving ‘free’ rewards to the employees?

Rewards do not need to be entirely financially based or be something that will make it expensive for your business. Effortless and honest acknowledgments do wonder. 

We’ve worked with companies where they’ve acknowledged their teams with reasonably priced treats, and they work great to bring teams together. It can be as simple as cake on Friday or breakfast on Monday. Other incentives might include an additional holiday in December or giving a day off to have some quality family time.

• Are you using social platforms?

Social media is an excellent platform for giving shout-outs to your employees for their brilliant efforts and achievements. It makes the employees feel valued and publicly demonstrates that the company recognizes its employees for their efforts. 

So, seven things need to be considered while reviewing your organization’s reward process. If you want to start or revamp your reward program, NextBee can help you do so in a way that’s in line with your business’ needs.

Contact us here NextBee and go through a live Demo to see just all the ways we can help you.