Offering recognition is one of the most important things that employers can do as it is the best way to motivate employees. In fact, when one talks about employee engagement, it is words like rewards and recognition that are used the most when tackling the issue of motivating the workforce. While recognition forms can vary from one company to another, there are a few types of recognition that all companies can benefit from offering. You can always add your own twist to these forms of recognition, but it’s important to be able to identify them first. Getting in touch with an employee engagement agency can help you with the same.
5 types of recognition you can offer!
Here are five different types of recognition that you should offer to your employees:
- Redeemable rewards: Tie up with an e-commerce website or travel website and start offering redeemable points to your employees who perform well. While cash is one of the most important forms of rewards, non-cash gifts can also go a long way as they offer employees the opportunities to enrich their lives through purchases or travel. If you are a company that develops products, offering discounts on the same can be a great way to offer this type of recognition.
- Cash bonuses: Year-end bonuses are some of the best ways to offer rewards and recognition to employees. All employees enjoy receiving that extra bump of cash at the end of the year as the same can go towards large purchases, planning family trips, and so on. If you do not want to offer cash bonuses at the end of the year, you can do so on a festive occasion or employee birthdays to make it extra special.
- Public praise: Public recognition is one of the most effective forms of recognition when it comes to motivating employees. Everyone wants their peers to know how well they are doing. Setting up annual events when employees receive public praise can be a great way to offer the same. You’ll have a more motivated workforce in no time!
- Written praise: Managers need to take the time out to praise their employees when they do a good job. This can be done in a quieter way than the method mentioned above. A simple email detailing how they contributed to the project can be a great way to keep employees feeling motivated and engaged in the company.
- Celebrating milestones: Help employees remember that they are a part of a larger organization with set values and a great culture. You can do this by celebrating work anniversaries, major milestones, promotions, and so on. It’s a great way to make people feel excited about their journey with the company.
Get in touch with an employee engagement agency that’ll help you find the right engagement solutions and who can understand your business goals and objectives too.