What’s the Best Way to Reward Employees for Great Work?
As any successful business leader knows, retaining top talent requires rewarding employees for great work. Why? The answer is simple: Employee recognition shines a spotlight on the attitudes, behaviors, and events that define excellence.
There are many ways to acknowledge the hard work and dedication of exemplary staff but the best forms of employee recognition involve making meaningful connections that inspire engagement across the organization.
Employee engagement expert David Zinger puts it this way: “[Employers need to] create caring and robust connections between every employee and their work, customers, leaders, managers, and the organization to achieve results that matter to everyone in this sentence.”
This is all well and good, but what does recognition actually look like in the moment? What are some examples of employee recognition ideas that are especially creative or noteworthy? What types of recognition have the most profound impact on employees?
Let’s take a look at some of the best ways to reward employees for great work:
Sincere “Thank You” That Expresses Genuine Feelings
It’s surprising how powerful the words “thank you” can be to employees. They are so powerful, in fact, that 67% of employees surveyed by McKinsey & Company rated praise from managers as the top motivator for performance, beating out financial incentives.
The key, of course, is to make sure gratitude is accompanied by sincerity. A manager might, for example, want to highlight how a particular employee’s work ethic helps build and strengthen relationships with his or her team members.
“Thank you” shouldn’t be viewed as an easy and cost-effective way to acknowledge great work, but rather as a means to establish an emotional connection that expresses how the actions of an employee make others feel. That’s where the true power of the words comes into play.
Professional Development to Promote Ongoing Engagement
Leadership can often forget that every employee, from an intern to the C-Suite, has a vested interest in the company direction and goals. As author and management expert Ken Blanchard notes, it’s vitally important for management to keep this in mind to foster employee engagement across the organization.
“[Management should] connect the dots between individual roles and the goals of the organization,” he says. “When people see that connection, they get a lot of energy out of work. They feel the importance, dignity, and meaning in their job.”
Keeping employees involved in key aspects of their jobs and departments can go a long way toward fostering employee engagement, according to a ZipRecruiter article. Asking for employee input on company-wide improvements or how to better serve clients and offering learning and development opportunities are all ways to reward employees for a job well done.
Recognition Rewards to Call Out Great Work
What happens when management recognizes great work? Even more great work, loyalty, and achievement.
At Hallmark Business Connections, we believe that that employee recognition involves establishing a culture of sustained employee enrichment that acknowledges all the valuable contributions that move a company forward. We understand that recognition done right builds an engaged workforce that transforms company culture.
The end result? Happier employees who are engaged in their work and committed to going the extra mile.
The late Steve Jobs once said, “The only way to do great work is to love what you do.”
To inspire employees to become truly engaged in their work, management must establish a workplace culture that celebrates individual and team-wide achievements and milestones. The above tips are just a few of the ways company leadership can reward employees for great work, both today and into the future.
What has your company done to recognize employees for their hard work and dedication to the firm? What would you add to our list? We’d love to hear your thoughts in the comments section below.