Rewarding and recognizing workers is an essential human resource management strategy. Workers want to be recognized for their efforts. They want to see that the company appreciates what they do and that they are important in the operations of the company. Rewards help them to have a sense of belonging while at the same time ensuring that other organizations in the industry do not attract them. Therefore, as a human resource manager, you have to formulate and implement various strategies that will enable you to reward your workers.
Although many people would request money as a form of reward, moving away from the expected social norms could prove to be genius. The prizes offered to the workers should bear a specific meaning, which does not contradict with the values of the receiver and the position of the company. This means that human resource managers have to be creative. If you are not creative enough, we have assembled some innovative strategies that you can use to reward your employees.
1. Premium Glass Products
Glass awards have for a long period remained to be the standout reward that you can present to your employees for their excellent performance. These products come with different varieties, shapes, and quality and it all depends on the amount of money you will be willing to spend on a particular reward. Premium glass awards are durable, which means that employees will get to see the prize for many years. This will remind them that they are valuable to the company and their services matter.
2. Lunch with Company CEO
As a human resource manager, you might think that having lunch with the chief executive officer of the company is normal. This is because you probably do it every month. However, some workers have never interacted with the business leader, and it is a chance they would want to have. You can use this as a reward system where high performing employees get to enjoy a banquet with the CEO. Creating a friendly and informal environment where employees interact with their chief executive will not only motivate them but will make them have a lifetime experience that is not easy to get.
3. Handwritten Thank You Notes
Regardless of how simple it might look, handwritten thank you notes could prove to be the motivation your employees have been lacking. Telling an employee how happy you are because of their performance is an important show of appreciation. It could even work well if you can mention the recipient by both names. This makes them know that they are not just a number in the organization, but the management knows them and appreciates their role in the company.
4. Learning Materials
As a human resource manager, you might have evaluated the skills of your team, and you already understand their strength and weaknesses. You can incorporate a business reward structure that is focused on improving employees’ skills, knowledge, and competency. For example, you can provide a beginner’s guide in various activities such as business operations, marketing, customer relations, and product development among others. Some of the learning materials that you can provide to best-performing employees include eBooks, audios, and videos among others.
5. LinkedIn Recommendations
This might seem like an awkward idea as it means that you are marketing your employee to other potential organizations. However, you must be realistic about the growth potential of your business and the capacity of your workers. If some of your employees have demonstrated skills, knowledge, and experience to work in a multinational organization, you should not be jealous about it. Writing messages of approval and wishing them the best of luck if they get a rewarding career elsewhere is an important strategy.
6. Travel Rewards
A travel reward is an important intrinsic motivator that could prove to be the piece that has been missing in your organization. You can allow your employees to select their travel destinations without limit to exotic travel destinations such as the Caribbean, African Savannah, and Dubai among others. After all, they deserve it.
Rewarding workers is a traditional business undertaking. It has been there for a long time but has since changed to accommodate modern methods of rewarding and retaining employees. It is not all about money rewards, promotion, and ’employee of the year’ gimmicks. Simple aspects such as shout-outs in team meetings and social media mentions are taking center stage.