Do You Know How to Reward and Engage Employees?
Everyone wants to be recognized for their contribution and a job well done. Smart leaders know how to reward and engage employees by making the rewards and recognition:
Ineffective Rewards Can Dilute Your Performance Culture
It doesn’t look as though the winner of the above Employee of the Month cartoon is happy about her reward…nor do her teammates. She looks dismayed; they look angry. This is not the reaction you want when a reward is due.
Employee Engagement Data on How to Reward and Engage Employees
We know from our most recent employee engagement survey data how important effective employee rewards and recognition can be.
Three Research-Backed Tips to Reward and Engage Employees
Here are three research-backed tips on how to reward and engage employees:.
1. Forget the Tchotchkes (an inexpensive souvenir, trinket, or ornament).
They have little value. Instead, try simple and meaningful acknowledgment. A sincere pat on the back for extra effort may be enough.
2. Remember Rewards Have Little Meaning Unless They Are Tailored to the Recipient
For example, granting a hard and conscientious worker more flex time may be far more appreciated than a simple cash bonus. If you know your team members as individuals, you can design a meaningful response to their over-and-above-the-call contribution. It could be as simple as a bouquet of flowers on their desk or cookies to share at afternoon break. Be creative and consider the individual.
3. Recognize Underachievers Too…Not in a Public Way But in the Spirit of Helping to Improve Performance
This may sound counter-intuitive but remember how bad it feels to work alongside a low performer who coasts while you put in consistently longer and harder days? It does not take long to get discouraged and feel disengaged. Why should you even try if no one seems to care?
Good managers understand that low performers need recognition in the form of:
Everyone needs to know if their performance is not improved over a specific period of time, they will be asked to leave. Don’t risk losing your high performers because you’re not doing your job of recognizing and correcting your low performers.
The Bottom Line
Reward and engage employees with recognition that matters to solidify their commitment to the organization’s mission. You will know when your reward and recognition program is working to increase employee engagement when employees believe:
To learn more about how to more effectively reward and engage employees, download Top 10 Most Powerful Ways to Boost Employee Engagement
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Director Human Resources
LSA’s Employee Engagement Consulting and Survey work has provided critical visibility into: how well our people are holding up under the general economic environment, as well as, the specific challenges that face biotechnology companies in their efforts to discover and develop new medicines; their level of alignment and commitment to XOMA’s Vision and mission critical strategies; how leadership practices and management systems support an environment that engender commitment, and the specific actions that our leaders can take to improve on areas that are important to our people. I highly recommend LSA’s employee engagement solutions.
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