If you want to keep your employees happy and productive, you have to reward them. Many managers make the mistake of believing that the only way to motivate employees is with financial incentives. While your employees work for money, it is not what ultimately drives them. Positive reinforcement has been shown to have a huge impact on employee morale and performance. If you want to enjoy a productive workforce, you must reward and recognize them for their efforts.
Set Clear Goals
Setting goals that are clear and attainable is crucial to your successful rewards plan. Your staff will have to know what goals they are trying to reach. These goals have to be attainable by your staff for maximum effectiveness. Create milestones and reward your staff for working towards the ultimate goal. If your goal is to sell 1,000 widgets a month, reward them for selling 250, then 500 and so on.
Offer Group Rewards
Many managers reward individuals for their merits, thinking that this will motivate other employees to operate at peak performance. This strategy often backfires. Doling out rewards to individuals can cause them to sabotage each other's efforts and the company's profits. Create a system of rewards that encourages them to work together as a team.
Bring in the Experts
Enlist the help of a proven team of employee recognition experts to help motivate your employees. OC Tanner is just one of many companies that offers customized staff recognition programs that get results. There are many companies out there that have experience in talent management and can help you leverage your human capital to see the best profits for your organization. By consulting an expert for your staff rewards program, you will be getting the benefits of time-tested and proven results.
Make it Consistent
The key to conducting an effective rewards program is consistency. If you only dole out rewards sporadically, your staff will not be motivated to do their best work. If there is too much time between the action and the reward, they may forget altogether. Reward them often and openly. Publicly recognize them for their efforts. In most casts, it doesn't have to be elaborate or fancy. Simply walking up to them while they are working and telling them that they're doing good work is often effective.
It takes drive, determination and hard work to keep an organization running effectively. Your employees are vital to your company's success. Getting the full potential from your employees requires skillful effort. Create a rewards program to motivate them today.