The corporate world is where people will spend most of their lives improving their career and making a living. A company is a good one when it can retain its employees for a long period of time, and, possibly, until their retirement. One of the best ways to make sure that there will be low employee turnover is for the management to recognize achievements from their employees.
It is also a good practice to always recognize the person who is working the hardest every month as the best employee of the month. This can make other employees work harder and gain more productivity. Employees are also motivated to give more contribution to their projects and participate in the decision making of the company. Rewards such as incentives and gift cards are good because the employee who will receive it has the freedom to customize its usage. But there are times when long-lasting rewards can be more appreciated.
- Give an Award Based on Employee’s Interest
Giving a reward based on the employee’s interest might be hard, but it comes with a lot of benefits. This works best if you and your employee had a lot of interaction inside and even outside the workplace. Simple things that he or she will appreciate can also leave a lasting impression to your employee about you and your leadership.
For example, if you know that your employee likes a certain artist, a simple merch as a gift would do the trick instead of those standard rewards. Gifts shouldn’t have to be extravagant. A book for a bookish employee or a ticket for someone who likes to watch sports is enough.
- Custom Acrylic Awards
However, if time is a constraint and there are a lot of things needed to be done for a project, a customized award would do. A busy season should not be an excuse not to recognize an outstanding employee. Acrylic awards might be the best fit for this situation. Just take the thought into the maker and they will do it for you. Custom shops, such as EDCO Awards & Specialties, take on any kind of award, from the greatest achievements to the silliest one. In addition, an acrylic award is typically a cheaper option. - Provide Ways For Career Improvement
When it comes to being an employee, one of the most rewarding things is when interest in their professional development is expressed. Paying attention to the employee’s career is a good way to build trust and loyalty, as well as a better corporate relationship. They also feel that they are an important asset to the company. Supporting the career options of an employee doesn’t mean to finance education. Being supportive and offering guidance, as well as assisting them with what effort you can do is a good boost for motivation and improvement. - Mentoring
One of the long-lasting ways to reward an employee is by sharing your knowledge to them as well as letting them get more experience from being exposed to different activities. If done right, the employee will feel more confident to take a harder task and add more value to the company.
One more benefit of this method of rewarding is for appreciation. Entrusting your knowledge and expertise to someone in your company is a big deal. It means that you trust that person, appreciate his or her efforts in the company, as well as believing in his or her capabilities.
- Personalized Gift
A personalized gift could be anything, from T-shirts to mugs, from customized notebook to anything that can be used by the employee in their daily lives. A personalized gift is also a good idea to give for employees who are about to retire. Retirement will change a lot of things in their lives. There is also no certainty that his or her co-workers will ever see each other again.
For this plan to be successful, coordinate with the other members of the team and ask them to base their gifts in their daily interaction with the retiring employee. This is also to avoid gift duplication. As the retiring employee, open a new chapter of his or her life. These personalized gifts will serve as a memory of his or her time spent in the company.
