Employee Service Awards and Working from Home
Employee rewards are set up by companies to reward employees for hard work and dedication. Rewards are not always attached to salary or hourly wages, but employers can offer monetary rewards to their staff if they choose.
Employers can recognize their employees through employee service recognition programs in many ways that do not cost money and they can be easily delivered virtually if your employees are working remotely during this pandemic. Verbal recognition can go a long way to inspire employees to keep doing a good job. Hand written notes or emails, certificates, e-cards, and highlighting successes in company newsletters all work to appreciate others. Often simply trusting employees to do their job well is enough to create a positive working environment.
Although non-monetary rewards are good practice for all employers, it is often important to reward employees with material goods as part of your employee services awards program. Employees connect the value of the reward to the value of their hard work. Employees respond positively to recognition of their good work because it confirms that they are valued and it motivates them to continue to be productive. So whether an employer chooses an intrinsic reward system such as verbal praises or hand written notes, or extrinsic rewards that may include bonuses, gifts, or monetary raises, employee service recognition programs is significant and valuable to all successful work environments, whether people are working from home or within the organization. In the end, effective employee service awards programs will help any business to be more competitive, ensure employee retention, and above all encourage further team work and investment in the company.
Here are some statistics worth noting in favour of implementing employee service recognition programs:
• companies using incentive programs report 79% success rate in achieving their established goals when the correct reward is offered.
• 65% of employees prefer non-cash incentives.
• 88% of employees agree it’s important that employers reward employees for great work.
• 90% of employees who work in organizations with effective rewards programs agreed with the statement “my work makes a difference.”
• 38% of employees want to receive rewards in exchange for good work.
• 47% of employees want to receive rewards spontaneously (Conference Board of Canada).
These statistics reveal that recognizing employees works and that employees are not demanding material rewards, but rather appreciate being thanked and recognized for doing a good job.