There are many things to consider when designing an effective recognition and reward program.
Which reward system works best? What if you have a miniscule budget? How do you leverage current trends and why do you even need a recognition and reward program? We’ve put together a list of 25 useful links, a veritable snack bar of ‘food for thought’, just for you!
Need some fresh reward ideas?
Employees will feel appreciated with frequent, small reminders that they are valued and important, things like a gift card or a handwritten thank you note are an excellent way to reward good work. Finding meaningful ways to reward employees makes good business sense.
1. Keep your employees motivated and engaged with these 5 employee reward ideas:
Top 5 Employee reward ideas
2. Make appreciation part of your day-to-day culture, use these 5 ideas:
5 Ways to reward employees
3. Here are 6 ways to show appreciation and improve workplace culture:
6 Easy ways to reward and recognise your employees
4. For some truly ‘out of the box’ ideas, try these 55 rewards in your mix:
55 Creative Employee Reward Ideas (2019 Update)
Need guaranteed results? Try these:
25 Rewards That Great Employees Actually Love to Receive
Concerned about your budget?
Motivated employees are most productive and produce the best quality work, but rewards don’t have to be expensive and extravagant. According to new research, giving away stacks of money may not always be the best idea, besides which, small business owners often can’t afford to reward their employees monetarily. Small, unexpected gestures can cost effectively show your employees that you appreciate them and can have positive effects on a company’s culture.
6. Use these 9 tips to foster job satisfaction and motivate employees to work harder:
Forget cash, here are better ways to motivate employees
7. Ensure that your employee reward system will be successful by following these steps:
Rewards for employee motivation
8. Use these 4 great ways to reward employees without money:
How to reward employees without breaking the bank
9. Another 3 easy and cost-effective approaches to rewarding employees:
3 Inexpensive ways to reward employees this holiday season
10. Use these 5 examples and incorporate non-monetary compensation in your strategy:
5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
Why do you need a recognition and reward program?
There are many reasons why you need a recognition and reward program. A well-established reward and recognition program can help your business engage employees and attract new talents. Showing your staff you appreciate them can boost morale, increase productivity, encourage team work, retain existing staff and even help you to attract talented new recruits to your business. If you clearly define the values you want your employees to embody day-to-day, your company culture becomes more cohesive, balanced, and easy to maintain.
11. Here are 3 key reasons you should base your recognition and reward program around your company’s core values:
Reward company core values
12. Read this outline that details why rewarding your staff is important.
Why is it important to reward staff?
13. Consider these important steps when designing a recognition and reward program:
The importance of an employee reward and recognition program
14. Well begun is halfway done, goes the saying. Here are 10 steps for building a successful employee recognition program:
10 steps to building a successful employee recognition program
15. Employee recognition is a crucial investment in any business. Here are 9 benefits it offers:
9 Important Benefits of Employee Recognition
Trend in recognition and rewards 2019
According to Gallup’s State of the Global Workplace (2017) research, the number one reason people leave jobs is because of limited recognition and praise. In their search for the latest ideas and approaches, employers could be overlooking one of the most easily executed strategies: employee recognition. There is also an increasing demand for publicly visible and frequent recognition that should steer companies toward a regular and routine acknowledgement process.
16. Be mindful of these trends and statistics in 2019.
Key global trends in rewards and recognition
17. Navigate these changing recognition and reward trends by using these stats as your ‘star charts’.
2019 Employee recognition trends
18. Here are 5 things to think about when you focus on trends:
2019 What’s new in pay and rewards?
19. Leverage these 8 important employee engagement trends of 2019:
Employee engagement trends
20. What’s happening in the talent sphere? Reflect on these top 5 trends:
Top 5 Talent Trends For 2019
How recognition and rewards promote staff retention
Key to improving employee retention is providing recognition at work because appreciation is a basic need.
21. Find out how recognition translates into retention and productivity
The Employer’s Guide to Boosting Employee Retention with Recognition
22. Try these 4 retention hacks to keep your staff happy
Four ways this futuristic rewards company maximises staff retention
23. Recognise. Reward. Retain. What do you gain by rewarding employees?
Why does reward and recognition matter?
24. Need some weighty authority? Read this research paper from the Journal of Governance and Regulation (2015):
The impact of recognition on retention of good talent in the workforce
25. What is the link between engagement and retention? Feedback! Here are some tips for creating a culture of recognition and feedback:
Real-Time Recognition and Feedback: The Key to Driving Sustainable Engagement
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