Employee recognition proves out to be an amazingly powerful motivational tool when employed effectively. Giving out an employee reward is a proven way to boost employee morale. 

• It has been found that nearly 53% of employees are of the opinion that if acknowledged more often, they would have better work relations.
• Employees feel motivated to work harder when recognized for their exceptional work.
• Recognition is an easy way to recognize an employee’s efforts. It has been found that appreciation is a top factor to keep the employees retained and not feeling treasured gives rise to dissatisfaction among them and they end up switching jobs.
  
  Not every employee recognition program is in sync with the employees. The businesses use the “Employee of the Month” program that looks like a declaration of fame rather than performance. There are times when the employees use their weekends working on a project and 3 months later they receive a “thank you” pen. Acknowledging after 3 months is a long time and thus does not work. The organization might present a gift card to an employee for a steak restaurant without realizing that the person is a vegetarian. So, the organizations must understand the importance that the reward system holds for an employee.

There are effective employee recognition programs that do exist. Here is a checklist for a successful employee reward program:

• Bring in use a platform for public employee recognition. Setting up a particular place for acknowledging the employees forms the basis for incorporating recognition and appreciation into the company culture.

• Bind employee recognition to the core business values. When an employee is told how his or her work straightforwardly wires the company’s core values, it gives altogether a new meaning to their work. Moreover, employees feel that the organization treasures his contribution to achieving company goals.

• Make employee recognition well-timed. Appreciate and reward the employee within 3-5 days of his achievement as it is expected to have a greater influence on him than waiting for weeks or months.

• Ensure that employee recognition is explicit. Detail the action or behavior of the employees so that they know closely what did was of great value to the organization.

• Try to make employee recognition genuine. Sending a bespoke appreciation has the power to turn the recognition more momentous.

• Make it a point to talk about the impact on the business. 94% of employees need to know the influence of their work on the company.

• Try to recognize the employees each day. It does not take huge efforts to recognize them for heroic actions like staying back late in the office to close a project or giving up the weekends to resolve any issue at work. But the people who are performing great on an everyday basis often get ignored? So, recognizing significant actions every day reinforces them, stirs them, and helps in business productivity.

• Allow peer-to-peer employee recognition. It is a known fact that the employees execute better when it is about rewarding their peers. Furthermore, it exhibits great work by the employees to their managers.

Thus, an effective employee recognition program has the power to transform the companies. For a complete reengineering of your employee reward program or a fresh implementation, contact NextBee at the earliest.