Why You Should Develop An Effective Recognition and Reward Program

Having HR issues here and there? It happens.

The secret is to have an effective reward program in place as it can help solve many of your HR hiccups. Every company needs a strategic reward system for employees. Nothing too complex, but enough to cover these areas: benefits, compensation, recognition, and appreciation.

The problem with reward systems in many organisations today is this: They're often missing at least one or two of these key elements (usually appreciation).

A winning system, however, should ultimately recognise and reward both employee activity-performance and behaviour. The work to reward your best employees doesn’t have to be a hard thing, either. It can be as simple as giving them a high five, sending them a nice email, or calling them into the office for a quick chat.

Here are a few other ways to reward hard-working employees:

1) You can even stop by the employee's desk to convey your appreciation. Another approach is to combine recognition and appreciation in the form of a public statement in front of the employee's co-workers or team. From there, simply mention a few specific examples of what they've done recently that has positively impacted the company.

2) Ask the employee which day in their work week they would like to work from home. They would likely be ecstatic to work from in their pyjamas for once. Work flexibility is one of the best rewards a manager or boss can give someone.

3) Ask the employee what project, on-the-job learning experience, or new adventure they'd like to tackle next, and then make sure you give them that opportunity.

4) Sit down with your employee, pull out a calendar, and map out their vacation. This ensures that you're not caught off guard by a last-minute request and that you're prepared once that employee is not in the office.

5) Write a friendly LinkedIn recommendation for that employee. Also, tell them in person, that you will be happy to be a professional reference for them in the future.

There are other ways to reward your best employees. Those were just a few. But ultimately, trust and respect for them, their intellect, and their commitment is the most important.

These type of rewards are the ones people want, but don't always get at work. Give them the appreciation and recognition that they deserve. How? By implementing a few of those ideas in your organisation. You'll begin to notice a difference in office culture, morale, and employee turnover rate. Just like investing, if you put a little in, you’ll get a lot more back.

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