A high employee turnover rate is something every business wants to avoid. It’s not only important to keep all your staff happy, but to recognize and reward your hardest working employees. Below explains how to choose and reward the ones who do go above and beyond.
Depending on the company and culture, there are different selection methods to choose your employee of the month. A democratic vote is an excellent way to allow co-workers or management to choose a model employee. On the other hand, positive customer feedback is a great way to recognize an employee for a specific, outstanding achievement. Another idea is to have co-workers nominate a fellow employee based on their observations and have management select the winner. This way they can feel others really see how hard they work and the vote can be fair. Finally, recognitions that come with a more coveted reward may need a random selection method, such as pulling names out of a hat.
Management should first decide the ultimate goal of the employee of the month program, whether it be to reward the top salesman or most outstanding customer service rep. Be sure to create objective guidelines that are fair and transparent to everyone. Most companies choose standard rewards, such as cash, gift cards, and special plaques. Companies like Naag Tag Name Tags can offer customized engraved office signs, plaques, and frames which is often a nice touch. A gas card, a gift basket, personalized Company Name Tags, or a personal note can also make a big impact. Even better, offer flexible hours, a prime parking spot, or even paid time off. Having co-workers decorate the employee of the month’s office can also be cost effective and from the heart.
Be sure to tailor your reward ceremony according to the employee’s personality. That is, certain employees prefer quiet acknowledgment, while others like public recognition and the chance to socialize. If possible, publicly acknowledging employees is best because it improves morale and gives employees the chance to informally socialize and get to know each other. For example, you can host an internal pizza party, or have dinner at a formal venue. Another option is holding a quarterly Oscar-like awards ceremony. Finally, consider simply inviting the employee into a room of co-workers and giving them a standing ovation. Regardless of the way, publicly recognizing employees is a great way to boost their self-esteem and develop relationships.
Recognizing and rewarding employees is essential to keeping employees happily employed. Be sure to choose the right selection method and offer alternative rewards. Public or quietly recognizing others can be great for boosting esteem and with these tips you can make all your workers shine.