Today, most successful business leaders endorse the fact that employee satisfaction is a crucial factor behind the success of a business as a whole. It is because your employees will play a significant role in pushing your company towards meeting its objectives. Your workforce is the only resource that is going to put efforts to turn your investments into huge returns physically.
Employee satisfaction can be achieved in several ways, for example, by providing employees with satisfactory working conditions, giving them suitable financial benefits, and recognizing and appreciating their work. All these factors, when combined, will provide you with a motivated and productive workforce. Workforce motivation leads to loyal employees, which is essential for a business to work effectively in the long-run.
In the discussion ahead, we have listed a few ideas that would work for you in acknowledging and appreciating your employees. These ideas would work amazingly for this year, 2020, where everything pretty much seems all doom and gloom. So, read on, get inspired, and offer some much-needed positivity to your employees!
An Employee of the Month Award
Even though this idea is quite common, you can always give it a little innovative twist of your own. An employee of the month or week requires the management to efficiently recognize an employee who has met their key performance indicators (KPIs). You could have a list of objectives that you expect your employees to achieve, such as being punctual, meeting deadlines, being a supportive co-worker, and then judging your employees against them. The best ones each month can get their pictures up on the employee recognition wall.
You could add a unique touch to this idea by giving an employee a reward against meeting one of its core values. All organizations have specific core values that they expect their people to inherit. Giving out bonuses to people against value such as honesty, optimism, punctuality, and discipline will motivate employees to focus on factors other than just financial gains.
Recognizing The Employees Retiring
One way to boost the motivation of the existing employees is to value the ones that gave their all to the company’s success, i.e., the employees retiring. Employees who provide years of service to an organization deserve recognition and celebration. Their loyalty and devotion to the organization should be appreciated so that it sets an example for the people currently employed. One way to recognize retiring employees is to circulate emails thanking them for their services, arranging farewell parties, giving them gifts such as retirement plaques, and several other recognition awards.
Bidding farewell to your retiring employees by praising their efforts through individual speeches and identifying and acknowledging their efforts displays sound company values. It will boost employee satisfaction and morale that, in the long run.
Valuing Other Talents
An employee that works for you has a life outside the company as well. Viewing an employee as just an employee who works for you is a recipe for disaster. Often employees who only get recognized for their work-related efforts may become too work-oriented and lack innovation, spur, and personality.
One way to keep your employees up and to bloom is to have an appreciation for their other talents as well apart from just their work. Each employee is bound to be useful in one or the other thing such as singing, arts, music, creative writing, and storytelling. Conducting in house music or art competitions is a great way to let people display their hidden flairs.
Acknowledge Employees On Social Media
Everyone today is a part of one or other social platforms. And let’s face it, we all love showing off our achievements on social media. Appreciating employees for their efforts and hard work through social media shout outs is a fantastic way to boost their morale and determination.
Give Personalized Gifts As Incentives
Recognition feels amazing but personalized rewards make you feel over the moon! You can record what each employee adores or likes and carve out a personalized gift for them. If this seems too much work for a large scale incentive program, consider getting generally personalized gifts for your employees. These could be salon discount cards for the female employees, star-gazing trip vouchers for the ones who have a love for astronomy. One more exceptional idea is to get a tiny cartoon figurines made for your employees. It will be fun, cute, and an object to always cherish and remember.
Encourage A Peer-to-Peer Recognition System
Often, we do get the motivation we need from our bosses but not from our co-workers. The competition in the work environment can turn brutal and suck away all your positivity. A great way to counter this is to encourage a peer to peer appreciation system. You can help people to identify co-workers whom they find supportive, intelligent, and helpful and recognize one such colleague per employee every week.
Conclusion: Successful businesses today know the importance of employee recognition. They know and have highlighted the significance of achieving employee trustworthiness and devotion to the company’s success in the long run. You can devise your innovative setups or take inspiration from the above-mentioned ideas, but the objective always stays the same: appreciating the efforts of your hardworking workforce!