The Advantages of Rewarding Your Employees for Excellent Work

It is just natural for an employee and his co-workers doing some really excellent job for a company to be recognized for their efforts.

If a company recognizes the contributions made by its employees, it will help solidify the company’s awareness and affirmation of that which they hold valuable and highly prized. There is a saying which goes that even though people are wired differently and not every social style needs public recognition, yet even the most introverted person will appreciate being recognized for a job well done.

Appreciation of employee performs through tangible means help boost an employee’s engagement to his work and this in turn make him more productive, since it is a fact that engaged employees are more productive than those who a detached.

Recognizing the excellent work of an employee and giving out a tangible reward will not only encourage him to do better in his job but also encourage those around him to strive to attain to the form of excellent in order for them to receive the same recognition and reward. There is nothing wrong with encouraging an employee’s engagement in this manner.

Another results of companies expressing support for the efforts of their employees help the company in employee retention. And this is a big issue because a high staff turnover leads to poor morale that can make others want to look elsewhere. Employee retention is much easier than looking for new replacements and training them for the job. You will spend time and money on looking for new employees and training them than simply rewarding employees that are good.

The brand of your business can easily be promoted by employees who are deeply engaged with the business rather than people who could care less about what happens to the company. By rewarding hard work, it no doubt would foster employee engagement and loyalty to the organization.

A very productive workforce is not only the result of having a good team leader but it also shows that the team is working in cooperation with each other. Therefore the need to also distinguish and recognize the people behind the effort is just as important. It is not about tenure, but the contribution that each one brings for the success of the team. So if mediocre workers are excluded, then the team is well placed. And if rewards for efforts are put in place, then they can work each day with that kind of determination. This is what team culture is all about.

Source: http://loftisconsulting.com/blog/2017/02/17/employee-needs-beyond-the-paycheck/

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