Around 93% of employees work harder at their jobs when they feel valued by their employers.
Feeling valued is a top motivator of employees. It motivates them to do well and encourages them to improve their effectiveness and efficiency. The bottom line is that your company’s success relies on your employees’ work habits.
One of the best ways to show appreciation to your employees is by offering rewards. If you’re interested in learning how to reward employees, read this guide as we explain five great ideas to consider.
1. Give Awards or Certificates
If you want happy employees, you could offer awards or certificates for great work. For example, you might want to create categories for your employee rewards. Here are some ideas:
- Top sales
- Most positive attitude
- Team player
You can create as many categories as you’d like and offer certificates, trophies, or awards at a company event or team meeting.
2. Offer Monetary Rewards
You can also show employee appreciation by offering monetary rewards. For example, you could provide pay raises or bonuses to top-performing employees.
You might also want to give gift cards or free gym memberships to employees who exceed specific goals or expectations. Employees love monetary rewards, as they offer real value to them.
3. Show Verbal Recognition to Outstanding Employees
Rewarding employees doesn’t have to involve monetary or tangible items. Instead, it can also include verbal recognition.
When you recognize an employee by taking the time to go and speak with them, your words can have significant meaning. Your words can hit their hearts and make them feel valued and appreciated more than other rewards.
You can do this individually to recognize their achievements or in a group setting.
4. Provide a Swag Store
Another excellent way to reward your employees is by providing access to a swag store. For example, you could use AXOMO software to create a site for your company swag.
Company swag is merchandise that represents your business, and your employees can purchase items with money or reward points. They can buy the items you offer, including mugs, shirts, and pens.
5. Write a Letter
Finally, if you want to learn how to keep employees happy, you could consider writing a hand-written letter to give them.
A hand-written letter shows that you took the time to write your thoughts, and it’s likely something they’ll keep for a long time. Your employees know that you have a busy schedule, which is why this is such a valuable tool.
You don’t have to write long letters to show that you appreciate them. Instead, writing just a few lines can make a huge difference in a person’s life.
Learn How to Reward Employees to Show Your Appreciation
Learning how to reward employees is an excellent step to improve employee morale in your organization. When your employees feel valued, they’ll likely earn a higher investment for your business.
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