The Advantages of Rewarding Your Employees for Excellent Work
It is just natural for an employee and his co-workers doing some really excellent job for a company to be recognized for their efforts.
Recognizing the contributions employees make to an organization helps solidify the company’s awareness and affirmation of something which a company holds as valuable and highly priced. People are wired differently and public recognition is not warranted for every social style, yet even the most introverted person will appreciate being appreciated for a job well done.
When an employee is appreciated at work, especially if there is a tangible reward for it, then the employee’s engagement is encouraged and it boosts his productivity since it follows that an engaged employee is more productive that an employee who is not.
Therefore, if a company makes an effort to praised and then award a job well done, it not only makes sense that an employee will be motivated to perform better but that even other members at work will also endeavor to work hard to also receive one for themselves. There is nothing wrong with encouraging an employee’s engagement in this manner.
if a company wants to retain their employees then the best way is to support and appreciate the efforts of their employees. This is something companies should take seriously since if there is a high staff turnover, the morale of the employees drop and this can affect others and be driver to leave the company also. The value to retain an employee is less difficult than the effort that needs to be exerted to find a replacement and the training that goes with it. It is very costly to find and train new employees compared to rewarding good ones.
Also, if your employees are engaged with your business, they will be able to promote and sell your brand far better than someone who does not believe in or care about it. Employee engagement and loyalty to the organization can be achieved by rewarding hard work.
A very productive workforce is not only the result of having a good team leader but it also shows that the team is working in cooperation with each other. So you don’t only recognize the people on top but even the efforts of the people behind the leaders should be distinguished and recognized. The point here is not so much about tenure but more about the positive effect attributed by an explicit participant that shapes a unique team. So if mediocre workers are excluded, then the team is well placed. Working alongside each other is possible when this type of team is rewarded accordingly. This is the essence of team culture.