If you are facing pitiable employee engagement rates, it’s time to look for ways to improve upon the things. Take steps to recognize and reward your employees by incorporating effective rewards.

An employee reward system, a thank you note, or an announcement on your intranet gives a personal touch and makes your employees feel treasured. This will also amplify their engagement and lower the attrition rates.  

So, it is essential that the employers find answers to why their employees are not engaged and how to make them feel connected and motivated at work? One of the most overlooked strategies in this regard is the lack of reward and recognition.

If Stats are to be believed

There is a powerful association between content employees and their work. Around 83 % of the employees, associated with a company that had an effective employee reward program in place were found to be happy with their jobs.

There were many employees who valued the alternates more than the monetary recognition like:

• A Promotion
• Email Recognition
• Extra Days Off
• Shout Outs at Meetings, etc.

Need for Employee Reward Program

Higher employee turnover turns out to be very demanding and costly affair. So, it is beneficial to work towards increasing the employee’s loyalty by bringing in a reward and recognition program. Other benefits of the program include:

Motivation

The organizations must take into account the time and effort to inculcate new skills and must not in any case ignore this. Most of the employees have respect for their acquaintance and understanding at a greater level. By putting into practice an employee recognition program, it becomes easy to admire the employees for their efforts and boost their motivation.

Great Engagement Levels

The organizations with employee rewards in place experience 48% higher engagement rates at the workplace. It is vital that you keep timeliness in the account. Periodically recognize the employees to make them feel valued. This certainly is going to fetch you great results and keep your employees motivated.

Enhanced Productivity

In a survey, nearly, 69% of the employees tend to work harder if the employers appreciate them. It’s quite evident that the employees look forward to being valued for their extraordinary achievements. When this happens, the employees are likely to go out of their ways to complete the jobs assigned to them on time.

Thus, it is important that you consider a reward and recognition program as a solution to get away with the lower employee engagement. A great employee reward program requires you to put in a wise effort. Your employees realize that you value the efforts they put into work.