As a people leader at a company, you will have many priorities and challenges. This year, topics like quiet quitting have been in the news and on the mind of HR professionals.
As part of tackling these issues, you should consider the employee experience and how you can tailor the support you give to help employees feel able to engage with their work.
One option to help boost employee morale and create a good culture is looking at employee reward and recognition.
Impact
The impact that a good reward and recognition proposition has on your business and employees is huge.
For your employees, feeling recognised for their hard work can help boost their overall wellbeing because it will help them to feel like they are making a difference to your company as a whole in their role. Working hard at a role where you’re not quite sure how your work is contributing and where you’re not being recognised for the work that you do can contribute to burnout in the long run.
For you as the employer, rewarding and recognising your employees can help to incentivise them to engage with their role more, meaning that your employee engagement levels will improve and so should overall productivity. Your reward package can also become part of your recruitment by attracting new talent.
Options available
When it comes to implementing a good reward and recognition proposition, you have a few options available.
Peer to peer e-cards are a good way to send a quick thank you to employees that have particularly gone above and beyond. They can also help your team to bond socially with options to send e-cards for people’s birthday, someone moving house or another milestone.
Employee awards are another option for shouting out employees for a particular reason. This could be a project they’ve worked on, a professional achievement or an employee milestone such as a long service award. These awards are a good way to show that you recognise the time that employees put into your business in their roles, but also to celebrate their achievements as an individual.
Finally, there are employee rewards which are similar to awards but have more of a tangible reward attached to them. This could be a voucher, a bonus, or something like a longer lunch break. If used well, employee rewards can help you tackle some of the problems that your employees face. For example, an early finish helps employees reduce stress by giving them more time to do what they enjoy. A financial reward like a bonus could also help ease some financial pressure.
Benefits of using a platform
Having good employee reward and recognition schemes in itself is great, but to really make sure that they are beneficial to your employees and your company – they need to be easy to use.
Putting them all together on an employee benefits platform can help to make the process of using them easier, by cutting down on the amount of time to find and send these rewards. It also helps the person on the receiving end because they have all of their received rewards in one place, so that they can remember what they still have to use.
Implementing a good reward and recognition initiative helps to support your employee’s experience and helps tackle some of the key issues you will face as a HR or people manager.
Read our guide to what a good reward and recognition system looks like here.