Recognizing small wins is one of the key drivers to motivate employees at the office. According to the Globoforce, 78% of employees say how they would work harder if they were better recognized. However, finding ways to reward and retain employees is one of the most difficult tasks nowadays.
Millennials have become one of the largest generations in the global workforce and most of them expect numerous recognition programs and built-our rewards from their employers. Besides financial compensation, they also want frequent praises, volunteer opportunities, and recognition at the office. Here are a couple of tips on how to reward your employees and boost their productivity levels at work.
1. Provide your Employees with Regular Feedback
Regular feedback is one of the most important motivation tools and it also increases productivity at the office. The best approach is to sit down with your employees once a week to discuss their productivity and provide feedback. Of course, it is always better to focus on the positive things, since recognizing your employee’s achievements boosts their morale.
2 Rewarding Things that Matter
It is important for companies and big businesses to reward things that actually matter to the overall objective of the business. For example, instead of focusing only on big wins, organizations and companies should also reward their employees for smaller achievements. To prevent your team from feeling unsatisfied at work, make sure that these celebrations are frequent and consistent.
3 Becoming a Team Player
Employees who perform well as team players should get recognized and rewarded on a regular basis. Celebrating their achievements can benefit the profitability of your company. Recognizing the wins of team players also preserves a healthy work culture and encourages other workers to become good team players.
4 Include Corporate Travel as a Reward
The truth is that many employees work from 9 to 5 from Monday to Friday and a break from that daily routine might do them good. Traveling for business purposes or going on a 3-day team building event is the best way to combine leisure activities and work. You can take your employees on a business conference to another city or send them on a scavenger hunt game. This experience will make them feel more appreciated, which is always good for business.
5 Create Social Opportunities for your Employees
Everyone knows that unhappy workers are usually less productive. To keep your employees satisfied, it is important to create social opportunities and increase happiness in your company. Although competitive pay and benefits are important, employees also need to have good working conditions, career progression, and flexible working.
6 Perks and Rewards Programs for Employees
I’ve already mentioned that the work environment is dominated by young employees nowadays and most of them expect to be rewarded in different ways for their work. There are many jobs available on the market and young employees are always looking for office jobs that come with different perks and reward programs. Perks like tickets to business conferences, free training courses, and events that build connection among workers are known to boost productivity and expand knowledge.
7 Ordering Snacks after Small Wins
Ordering snacks to the office after small wins may be a good idea. By doing this, you will show your employees that you appreciate their effort to complete the assignments and finish the project on time.
To sum it all up, rewarding and recognizing your employees comes with many benefits and advantages. Celebrating small wins also increases productivity and creates a healthy work environment at the office.