The Best Time to Reward and Recognise Employees
It has become common practice to ensure employee engagement is well maintained, HR professionals and business managers will often reward and recognise employees for the hard work that they are involved in. When employees experience recognition and are shown appreciation, they are increasingly likely to be highly satisfied with the organisation they are working for which in turn strengthens retention rates and increases employee loyalty.
Common practice has utilised rewards and recognition to increase the motivation and productivity of employees within an organisation. Often managers will pick the correct reward or perfect form of recognition based upon employees needs and desire. Managers may base this on Maslow’s Hierarchy of needs theory which includes potential needs such as self-actualisation, esteem, social, safety or physiological needs. Likewise, when employee needs are met there is a common trend for employees to become increasingly more productive as satisfaction levels are increased and further employees desire to receive the same pleasure of the reward and recognition the organisation gives.
Although, managers need to provide a reward and recognise employees at the perfect time to be highly successful to encourage and reinforce positivity, satisfaction and motivation. To help you understand the best time to reward and recognise employees see the following.
When Employees Are Doing Great Work!
A perfect time to reward and recognise employees is when employees are doing great work in the business. When employees see managers recognising and rewarding them for completing good work that they put a lot of effort into employees will likely become extremely happy and will become increasingly driven to work harder.
Moreover, human resource management best practices have noted that in order to create positive company cultures and promote companywide satisfaction and positivity, it is integral to consistently show gratitude to employees, work to make employees happy and make employees feel they are an essential asset to the organisation. Likewise, recognising employees and rewarding employees is a perfect way to encourage your appreciation for the great job employees complete at work.
To Celebrate Major Achievements
A great time to reward and recognise employees is to celebrate major achievements being accomplished. Employees long for recognition for the big accomplishments they are able to hit. As such a common achievement that is celebrated as a perfect time to recognise and reward employees is for an outstanding number of years of service achieved.
Furthermore, achievements of major personal accomplishments should be recognised. When employee recognition is shown during major achievements and employees are provided with rewards, it is common to find employees to be energised to continue putting in their all for the organisation. In turn, it is critical as the best time to reward and recognise employees to celebrate any major achievement an employee attains.
When Utilising Incentive Programs
Another key time to reward and recognise employees is when utilising incentive programs. Specifically, incentive programs are systems designed to promote and encourage employees to achieve certain actions. In many situations’ incentive programs are often utilised to motivate employees to achieve certain sales, KPI or organisational objectives.
Rewards and recognition programs are an essential tool that all organisations should utilise to increase operational success dramatically. Further, managers have utilised reward programs through employee advocacy effectively building brand awareness on social media. Conducting activities where management rewards employees through posting positive posts on social media is a common practice.
For Achieving Personal and Organisational Goals
Managers will often reward and recognise employees for achieving personal and organisational goals. When employees achieve personal and organisational goals it may be seen as a largely perfect time to give recognition and rewards as employees have made extremely powerful impacts upon not only themselves but the business.
This impact is often felt the most when organisations have utilised cascading goals strategies to align employees’ personal goals to the goals of the organisation. This is done through constant mentoring, team meetings and ongoing communications to detail the values, objectives and goals the wishes to attain through employees.
To Motivate Employees
One of the most common times and found to be one of the best times to reward and recognise employees is when the organisation wishes to motivate employees. Common practice can be seen whereby many organisations will utilise rewards and recognition to boost employee ego’s, attitudes and motivate people to work even greater than they are.
When receiving rewards and recognition in times of uncertainty often employees will find a boost of encouragement to work even harder for the business. Motivated employees are often further found to be easier to retain, more satisfied and increasingly more productive to complete various regular work activities.
To Develop Employees
A perfect time to reward and recognise employees is when organisations wish to develop employees. Rewarding and recognising employees can act as a way to fast-track employee development. This is seen through giving employees a desired goal which they must develop their personal skills to effectively reach the goal and attain recognition and rewards.
Moreover, through rewarding employees to effectively develop their personal skills and abilities, employees will become increasingly more excited and satisfied to work for an organisation that promotes a positive culture. Likewise, it is critical to recognise and reward employees to conduct effective development activities.