Where Knowledge Rules

Home:

Business

Get a Widget for this title

Best ways to reward employees

your chances of winning the prize by working harder? It can be very motivating to some staff to know that there is a prize for performance and that they are in with a chance to receive it. These types of rewards include movie tickets, holidays, clothing, and other items. It doesn't even have to have exceeding monetary value. It is more the knowledge that they have achieved higher than others and won the prize.

6. Partnership
This type of employee sees your partnership with them as a reward. Give them your time and support and they are firing on all pins. They love an open door policy and the investment of your time will bring real dividends.

There are so many simple ways that you can reward staff and create a performance focussed team environment where rewards are the carrot. Simple things like having an item that sits on the desk of the highest achiever for the week, a bell that people can ring when they close a sale,a kitty that everyone contributes to and the person with the most points at the end of the week wins, or even just a nominations box where an employee of the month is selected. It doesn't have to cost you a lot of time or money, as the best rewards in life are often free.

Whatever way you decide to reward staff it is imperative that you are consistent and fair. Deliver what you promise and make sure that the rewards don't turn into an all-in-all brawl as sometimes competitions can get quite heated!

To discover the individual's motivational preferences, a simple discussion with their manager or supervisor can be very enlightening. Using the performance appraisal or one-to-one feedback sessions is a great way to obtain and record the information necessary to determine which reward they would prefer.

Remember the six P's - Praise, Prominence, Privileges, Promotions, Prizes and Partnership when you are determining which rewards will work best with your employees and you are well on your way to a happy work team.

Learn more about this author, Hayley Solich.
Contact this writer Click here to send this author comments or questions.


Below are the top articles rated and ranked by Helium members on:

Best ways to reward employees

  • 1 of 45

    by Raymond Lim

    There are various ways, approaches or methods employed to reward employees by an organization or management. Rewards management

    read more

  • 2 of 45

    by J Dawkins

    Flexibility is King!

    Perhaps the most important thing about effective employee reward schemes are that they offer the most

    read more

  • 3 of 45

    by Stephen Fortier

    There are many ways to reward employees and many reasons to do so. You can use employee reward programs to simply recognize

    read more

  • 4 of 45

    by Kodjo Adadevoh

    Rewarding high performing employees creates a positive incentive system, while the absence of appropriately structured incentive

    read more

  • 5 of 45

    by Diane Stacey

    Employees are a vital force in any successful business. They should be regarded as an asset. While they affect the bottom

    read more

View All Articles on:
Best ways to reward employees

Add your voice

Know something about Best ways to reward employees?
We want to hear your view. Write_penWrite now!

190286

Featured Partner

The MAGIC Foundation for children's growth

Major Aspects of Growth In Children (MAGIC) is made up of 25,000+ families whose children (and affected adults) have ...more

What is Helium? | Buy Web Content | Contact Us | Privacy | User agreement | DMCA | User Tools | Help | Community | Helium’s Official Blog | Link to Helium

Helium, Inc.
200 Brickstone Square Andover, MA 01810 USA