Rewards, Recognition & Engagement doesn’t have to be expensive…

Recognizing, engaging and rewarding your employees can be done cheaply and is a powerful tool to motivate and retain your people.

When was the last time you were recognized for a job well done?  Do you ever remember leaving work with a sense of achievement and pride?  Recognizing, rewarding and engaging employees are key elements to a successful retention plan and an excellent method in motivating employees.

The saying goes, “a happy employee is a productive one”; more often than not, this is a valid statement.  More and more companies are now focusing their efforts in engaging their employees and rewarding those that perform well.  This type of movement or thought have been around for a very long time but it’s come at the forefront of HR trends and have become strategic in a sense that it’s tied into the culture of the organization.

This have become an integral piece of the HR puzzle.  New positions and roles within the organization have been created such as “Total Rewards Manager”, “Employee Engagement Officer”, to promote this very practice.  With industries that are suffering due to shortage of skills and personnel, retention have become pivotal.  In addition, larger companies that want to protect their intellectual capital seek ways in making their top performers happy, engaged, motivated, but most importantly: loyal.

Why do we do this?  Why should companies set aside resources for the promotion of such practices?  There are many answers.  Some include psychological aspects, motivational theory, retention, increase productivity, removing complacency and reigniting drive, passion and autonomy to the work; resulting in a healthy profitable organization.

But it doesn’t have to be expensive.  It’s as simple as getting a pat on the back for a job well done.  Recognition doesn’t have to mean a name on a plaque distributed at a company banquet dinner; it could be as simple as getting a personal thank you message from the President or Manager.  A dinner and a movie voucher for reaching targets or giving allowing an employee to leave work early is satisfactory.  But one of the best ways I’ve seen a company recognizing their employee(s) is the VIP Parking of the Month Award where the employee’s name is put on a designated parking spot closest to the entrance door and maybe even a parking spot beside the President or VP.  With all this said, the most important aspect we should not miss is the genuine appreciation of the employee and their efforts.