Your work as the boss does not end with hiring the best of the best. You will have to keep on working to have them around. Nearly 80% of employees quit not because they want greener pastures but because they feel not appreciated.
If you own a business and want to avoid losing top employees because they are not getting the much-needed appreciation, consider using employee recognition software. As the name suggests, it is a tool designed to improve company culture by providing incentives for a job well done. One famous example of employee recognition software is Redi.
Integration is Highly Recommended
Whether or not your business has an old-fashioned employee recognition program, it is time for an upgrade. The best software for the job allows all parties, your employees, and you to benefit. For instance, it gives your employees something to be excited about, encouraging them to work even more challenging. When they exert extra effort, your business can prosper even further. With employee recognition, everyone’s a winner.
However, the undertaking does not end and begins with integrating employee recognition software, such as Redis. Even though such a system can make appreciating your employees seamless and easy, you should still develop great ideas to see and enjoy what they are doing.
Money is Not the Only Option
Most business owners believe that recognizing their employees is a costly venture. Shelling out cash, fortunately, is not the only option for appreciating someone’s effort in the workplace. Besides, 82% of employees prefer to receive praise than a gift. Recognizing your employees need not involve money all the time.
There are a handful of factors to consider when deciding which employee recognition suits your business. They include:
- Number of employees
- Type of culture in the workplace
- Values of the business
- Available budget
Different Methods for Different Situations
No single approach would fit all instances when it comes to recognizing employees. As the business owner, you should come up with a process that considers your employees’ wants and needs.
The good news is that you cannot run out of employee recognition ideas quickly. With so many options available, there is a way to recognize every person in every situation. Some beautiful examples are:
- Public recognition. Nothing can make an employee feel appreciated more than getting a surprise party. If there are time and budget constraints, a congratulatory email or a social media shout-out is often more than enough.
- Private recognition. Not always does everyone in the workplace have to know that you appreciate someone’s effort. You may consider sending the employee a handwritten note to avoid unnecessary unrest. You may also approach them to extend your gratitude personally.
- Promotion and tangible awards. A new job title, unique project, an invitation to provide an opinion — any of these can make your employee feel that they are an essential role player. You may also give the person a raise, bonus, or incentive.
Many benefits come with employee recognition. Leading the list is keeping your best employees around. There are many ways to show that you appreciate their hard work.