Some of the biggest and most influential forces in a company are one’s peers. After all, a culture where values and beliefs are shared and people support and encourage each other is one that functions as a close-knit community. Employee recognition is crucial to having an engaging workforce; plus, it also often leads to employee retention, so investing in employee recognition is a win-win! 🙂
1. For Millennials, it’s all about immediate recognition
They’re used to immediate notifications and status updates from their Twitter or Facebook accounts, and that mindset carries over into the workplace as well. Millennials want instant gratification and recognition of their accomplishments at work. If you wait a week or two to applaud their achievements, chances are that they will have already forgotten what it is that they did. Tell them now to give them that extra morale boost and a bit more pep in their step.
2. Make employee recognition specific
A one size fits all approach to recognition is not going to come across as genuine. Rather, your employees will feel undervalued if their recognition program is generic. Instead, make an effort to be more detailed about what an employee has accomplished (Don’t just say good job and leave it at that!). Even if it is just a small announcement at a company meeting about a team that’s been killing it, or a little gift for an employee that just closed a big deal, your employees will feel more positive and valued.
3. Make it personal (in a good way!)
Especially if a few of your employees are particularly introverted, a company-wide broadcast about their successes might not be very comfortable for them. Sometimes just a personal hand-written note is better, and don’t forget — birthdays are one of the most important events in the office. Giving a nice card signed by everyone in the office will give anyone a warm fuzzy feeling, and in the end, that’s key to long-term retention. Show them that you care, and appreciate the work that they do, particularly if it’s something they do well.
4. Tie it to their perception of value
People usually have a good idea of their value for their organization. With pure monetary rewards, their idea of value can be skewed. There’s no doubt that cash is a strong and effective motivator, but it’s not the only way to show appreciation for effort. The point is to treat your employees like valued team members, not as numbers and dollar signs. Employees that feel appreciated and valued are much more likely to stay with your company for the long-term.
What are your thoughts on employee recognition? Let us know in the comments below or tweet us at @aspireperks!