Reward and Recognition Ideas Factsheet

There are many ways to provide employees with both informal and formal rewards and recognition. This is not an exhaustive list but will get you thinking what is best for your organisation.

Reward and Recognition Ideas Factsheet

The employee satisfaction is one of the crucial factors for the success of any business.  Appreciation at work can be your first step as an employer to achieve the employee satisfaction.  When the appreciation is expressed through recognition of their efforts, they feel their work is valued. Although a simple thank you goes a long way, rewarding employees periodically make employees feel good and also benefit your business in the process. This is why you must prioritize employee recognition and ensure a positive, productive, innovative organizational climate. It will encourage them to boost their ability to contribute more to the organization.

Employee reward and Recognition ideas

There are myriad of opportunity to thank the employee for an employee recognition program. Although salary, bonuses, and benefits are an essential part of the employee recognition and reward system, you must also have other ideas to appreciate their work. Sending thank-you emails to employees is a great idea to show them you care. Another tactic is recognizing employees in department or company-wide meetings, the employee of the month and employee of the year awards. You can also think about giving vouchers to the best-performing employee. A structures reward and recognition program will ensure you that your employees are happy and motivated.

What to include in your reward and recognition program?

• Peer-to-peer recognition
• Long-service awards
• Instant recognition
• Rewards

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