What Employee Recognition Program Questions Can Increase Productivity by 40%?
Recognizing employees makes them feel valued and gives them a sense of ownership or “buy in” with a company. It retains them longer and drives productivity because not only do they want to succeed but they want the company to succeed.
As mentioned in another blog post, there’s a saying that, “People don’t quit companies, they quit bosses” and while that’s true, there are studies that show an overwhelming number of employees leave their jobs because they are not made to feel appreciated by the company nor their boss.
As you might suspect, this feeling of a lack of appreciation does not keep them motivated to work nor stay.
So, it’s quite important to incorporate an employee reward and recognition program into your company and your workplace culture. Routinely acknowledging employees for their work and their attitude and then rewarding them, boosts morale and helps grow your business.
Let’s look at some of the core points to consider when looking to initiate an employee recognition and rewards program:
Step 1: Identify the “Why”
It is essential to understand your specific “why” of starting an employee reward program in your company. Is it to increase morale or drive certain behaviors or to recognize those who go out of their way to do a great job or what? You have to really narrow this down. Because if the people creating the program don’t have a clear goal in mind, then no one who participates will truly understand and the program will fail. Also, make sure to take into account your what your company’s stated values are before launching so there’s not any confusion with messaging.
Step 2: Identify the “How”
Employees, because they almost always are competitive, need to understand the eligibility requirements for rewards. Prior to launching, decide how frequently you are going to acknowledge deserving employees. Consider factors such as:
- Are only full-time employees eligible? What about part-time or intern candidates that do a great job?
- Is it possible for the same employee to get a reward more than once?
- Are the employees involved in the selection process for who is eligible for rewards or is it just Management?
Step 3: Identify the “Who”
It is essential to decide on who is eligible for winning and who is going to decide the winner.
Couple of additional points:
- Decide how employees will be selected. Will it be a nomination? Straight data (meeting KPI’s, etc.)
- How will a winner be chosen from the pool of employees? Who will hold the final decision? What kind of rating criteria will be involved, etc.?
As is probably obvious by now, deciding upon the “Who” is really important so don’t skimp on the planning here. It will really help with the creation of a successful employee reward and recognition program.
Step 4: Identify the “What”
Now that you’ve decided upon the “why”, “how” and “who” of your employee recognition program you need to figure out the “what”. What kind of award you will use to recognize employees?
Is it going to be a certificate, a trophy, or is it going to be a larger reward? Some companies give out gift cards, some give cash bonuses, and some reward with extra Personal Time Off. Whatever the gift, it must be meaningful to the employees since this is what’s going to motivate them to participate and is also going to make them feel valued for the work they’re doing.
Step 5: Identify the “When”
Finally, decide on when you’re launching and when you’re announcing the program. Obviously, if your team doesn’t know about the program in an effective way, it’s going to fail. So, decide when to announce it and pick a time when as many as possible are engaged. Will it be during a team conference or a companywide meeting? Whenever you do it, make sure it’s followed by an email containing all the details. Tell your employees about when the first nomination period is and when the prizes will be rewarded since doing so is going to make everyone excited and eager to participate.
These steps are the clear Who, What, When, Why, and How steps you need to follow when creating a successful employee recognition program. A program that completely fits your business culture. A well thought out and planned recognition program is going to help you with retention, engagement and productivity at your company.
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