How to reward and recognize employees in the digital age
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Image source: Pixabay.com
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Do your employees or coworkers remember the last time they were commended for a job well done? Recognition makes people feel good about themselves and their performance, motivating them to do better next time and to deliver above what’s expected of them. In the digital age, there’s a wealth of ways to do this effectively – here are some tips.
Improve employee communication
Motivate employees by investing in relationship building. Set regular lunch meetings with the team, find what makes each one tick, and establish a personal dimension to every relationship. This way, managers can better identify performance indicators, and if people are meeting the targets set for them.
Create an incentive compensation plan
This directly links to the goals of the company for a specific time period, and integrates some kind of long-term rewards for key individuals. For instance, outstanding and loyal performers can receive some form of equity ownership.
Use social recognition platforms
Use the company’s internal social site to announce top performers and individual or team effort in special projects. Create recognition newsletters and send them to the whole organization. Leverage technology to spread the word and share praise across different company segments.
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Image source: Pixabay.com
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Be creative in providing rewards
Think about exemplary performance as well as significant events in an employee’s life, such as a child starting kindergarten. Give the person a work-from-home day so they can participate in those personal affairs without worry. In today’s socially conscious and responsible world, a gala guest experience is also great – there are so many charities that one can partner with. Buy a couple of tickets to the next lunch or dinner event of the org, and allow employees to attend and bask in the new experience that also sparks their community involvement.
Steve Sorensen is an expert in the staffing industry. He obtained his Bachelor of Science degree from the Brigham Young University and his Masters of Business Administration degree from the Finance University of Chicago. Learn more on this page.
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