Employee rewards are a great way to keep your team happy and productive. When employees feel appreciated, they are more likely to put their best foot forward and work harder. However, not all employee rewards are created equal. Some rewards may actually have the opposite effect and motivate employees to slack off. In this blog post, we will discuss how to choose effective employee rewards that will motivate your team to achieve great things!
Why Do Employees Need Rewards?
Employees are the backbone of any organization. They are the ones who carry out the day-to-day tasks and contribute to the company’s bottom line. Therefore, it is important to keep them happy and motivated.
If employees get burned out or feel unappreciated, it can lead to low morale and productivity. This is why many companies offer rewards and recognition programs. These programs are designed to incentivize employees and make them feel valued.
Rewards can come in many forms, such as bonuses, paid time off, or even simple acknowledgment. What matters most is that the rewards are meaningful to the employees and that they feel appreciated. When done correctly, employee rewards can lead to a more positive work environment and increased productivity.
Why Employee Rewards Are More Effective Than Penalties?
Most managers would agree that happy employees lead to a more productive workplace. So, it makes sense to focus on employee rewards as a way to motivate and encourage positive behavior.
But why the rewards are more effective than penalties?
The answer is simple: people are more likely to respond positively to positive reinforcement than they are too negative reinforcement. In other words, people are more likely to repeat a behavior if they’re rewarded for it than if they’re punished for it. So, if you want your employees to be productive, focus on rewarding them for their good work.
If you reward them for meeting their targets, they’ll be more likely to meet them again in the future. And if you make those rewards meaningful to them, they’ll be even more motivated to achieve their goals.
How To Recognize Your Employees Work In The Most Effective Way?
There are three keys to creating and running an effective employee incentive program:
Decide Your Criteria
You may be thinking, “Of course, I want to reward my employees for a job well done!” But what does that actually mean? You need to set specific criteria for what merits a reward in order to avoid any confusion or frustration down the line. Some companies choose to reward employees based on individual performance, while others focus on team achievements.
Allocate A Budget
You’ll also need to set a budget for your employee incentive program. This will ensure that you’re not overspending on rewards and that you have the funds available to give employees the recognition they deserve.
Pick Your Reward
Finally, you’ll need to select the actual reward or prizes that employees will receive. This is where you can get creative and tailor the program to your company’s culture and values.
Consider offering a mix of tangible and intangible rewards to employees. Tangible rewards could include gift cards, paid time off, or tickets to a sporting event. Intangible rewards could include public recognition, additional responsibility, or flexible work hours.
When it comes to employee incentives, it’s important to remember that one size does not fit all. What works for one company may not work for another. The most important thing is to tailor your program to meet the specific needs and goals of your business. With a little planning and creativity, you can create an employee incentive program that will keep your team happy and productive.
Top 12 Rewards For Employees That Motivate Them
While every employee is different, there are some rewards that are universally appreciated. Here are 12 of the best rewards for employees that will help keep your team motivated:
An Extra Day Off
One of the best rewards you can give your employees is an extra day off. Everyone loves a little extra time to relax and enjoy life outside of work. This is a great way to show your appreciation for a job well done and to give your team a much-needed break.
You can either give an extra day off as a one-time reward for a job well done or you can make it a regular part of your employee recognition program. For example, you could give employees an extra day off for every five years they work at your company.
Quality Health Care
Quality health care is a necessity for everyone, but it can be especially important for your employees. Good health care helps to keep your team healthy and productive. It also shows that you care about their well-being and want to help them stay healthy.
If you don’t already offer quality health care to your employees, now is the time to start. You can either offer it as a benefit to all employees or you can give it as a reward for those who have been with your company for a certain amount of time.
Flexible Hours
Flexible hours are another great way to show your appreciation for your team. This perk allows employees to have more control over their work schedule, which can help them to better balance their work and personal life.
If you’re not able to offer flexible hours to all of your employees, you can give this perk as a reward for those who have been with your company for a certain amount of time or for those who have gone above and beyond in their work.
Gym Membership
A gym membership is a great way to help your employees stay healthy and fit. It’s also a great way to show your appreciation for their hard work. A good gym membership can be expensive, so this is a great reward for those who have been with your company for a long time or for those who have made significant contributions to your business.
You can either offer gym membership as a benefit to all of your employees or you can give it as a reward for those who have been with your company for a certain amount of time.
Give Time To Work On Their Own Project
Allowing your employees to work on a project of their own choosing is a great way to show your trust in their abilities and to give them the opportunity to explore their creativity. It’s also a great way to show your appreciation for their hard work.
This perk can be given as a reward for those who have been with your company for a certain amount of time or for those who have gone above and beyond in their work. If you give time to work on their own project, make sure to give them the resources they need to be successful.
One-On-One Meetings
One-on-one meetings are a great way to show your employees that you value their opinion and that you want to help them reach their goals. You can give this perk as a reward for those who have been with your company for a certain amount of time or for those who have gone above and beyond in their work.
These meetings can be useful to receive constructive feedback, develop an action plan for the next steps in their career, or simply get to know them better.
Give More Responsibility
Giving your employees more responsibility is a great way to show your trust in their abilities and to help them develop their skills. This perk can be given as a reward for those who have been with your company for a certain amount of time or for those who have gone above and beyond in their work.
It can also be used as an opportunity to give them a taste of what it would be like to move up within your company. This can help to motivate them to continue doing their best work.
Company Retreats
Company retreats are a great way to show your appreciation for your team and to give them the opportunity to bond with each other outside of work. This perk can be given as a reward for those who have been with your company for a certain amount of time or for those who have gone above and beyond in their work.
It’s also a great way to show your employees that you are willing to invest in their development and that you value their contributions to the company.
Recognize Your Employees On Social Media
Recognizing your employees on social media is a great way to show your appreciation for their hard work. It’s also a great way to promote your company and attract new talent.
You can give this perk as a reward for those who have been with your company for a certain amount of time or for those who have gone above and beyond in their work.
This is also a great opportunity to share your company’s values with the world and to show potential candidates that you are an employer that cares about its employees.
Collaborative Message From All Employees
A collaborative message from all employees is a great way to show your appreciation for their hard work. It’s also a great way to promote your company and attract new talent.
You can give this perk as a reward for those who have been with your company for a certain amount of time or for those who have gone above and beyond in their work.
This is also a great opportunity to share your company’s values with the world and to show potential candidates that you are an employer that cares about its employees.
Give Employees A Chance To Show Appreciation To Each Other
Giving employees a chance to show appreciation to each other is a great way to promote a positive work environment. It’s also a great way to show your employees that you value their opinions and that you want to create a culture of appreciation.
You can give this perk as a reward for those who have been with your company for a certain amount of time or for those who have gone above and beyond in their work.
This is also a great opportunity to share your company’s values with the world and to show potential candidates that you are an employer that cares about its employees.
Allow Time To Do Volunteer Work
Allowing time to do volunteer work is a great way to show your employees that you care about their personal development. It’s also a great way to promote your company and attract new talent.
You can give this perk as a reward for those who have been with your company for a certain amount of time or for those who have gone above and beyond in their work.
This is also a great opportunity to share your company’s values with the world and to show potential candidates that you are an employer that cares about its employees.
There are the top five employee rewards that will help you keep your team happy and productive. Do you have any to add? Let us know in the comments below! If you’re looking for more ways to keep your employees engaged and motivated, check out our blog post on employee recognition ideas. You can also download our free guide on how to create a culture of appreciation.
Conclusion
Employee rewards are a great way to keep your team happy and productive. By showing your appreciation for their hard work, you can create a culture of appreciation and attract new talent. With a little creativity, you can design employee rewards that will motivate your team and help your business succeed
Mantra Care is a platform that helps you manage your employee rewards program. We make it easy to create and distribute rewards, so you can focus on running your business. Visit our website to learn more about how we can help you create a motivating work environment for your employees.
A Word From MantraCare Wellness
Employee wellness programs are the key to improving employee motivation, productivity, and retention. At MantraCare Wellness, we have a team of health experts, counselors, and coaches who serve corporate employees with 10+ wellbeing programs including EAP, Employee Diabetes Reversal, Corporate MSK, PCOS, Employee Fitness, Corporate Yoga, Employee meditation, and Employee Smoking Cessation.