The Advantages of Rewarding Your Employees for Excellent Work
Employees who have diligently served an organization will appreciate it when their company recognizes his efforts to accomplish thing with their co-workers.
Recognizing the contributions employees make to an organization helps solidify the company’s awareness and affirmation of something which a company holds as valuable and highly priced. 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.
So if there are company efforts to praise and reward jobs that are well done, it not only helps motivate the employee to perform better, it also affects the other workers to work harder so that they, too, will receive one for themselves. There is nothing wrong with encouraging an employee’s engagement in this manner.
A company that expresses its sympathetic support to the efforts of its employees also helps solidify employee retention. Companies should take employee retention seriously because if there is high staff turnover, the effect can be a low morale for the remaining ones and they would someday want out too. The value to retain an employee is less difficult than the effort that needs to be exerted to find a replacement and the training that goes with it. You will spend time and money on looking for new employees and training them than simply rewarding employees that are good.
Also, if your employees are engaged with your business, they will be able to promote and sell your brand far better than someone who does not believe in or care about it. By rewarding hard work, it no doubt would foster employee engagement and loyalty to the organization.
It must also be remembered that when we speak of output or productivity, it does not only mirror out the effort of the pacemaker or its leader, it also portrays that there has been a peer-to-peer cooperation that rest underneath it. So you don’t only recognize the people on top but even the efforts of the people behind the leaders should be distinguished and recognized. So this is not about who have worked there for a long time, but who has worked hard for the team to succeed. There is a great team that excludes mediocre workers. Working alongside each other is possible when this type of team is rewarded accordingly. This is what team culture is all about.
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