- Business and Employment
Employee Recognition For Beginners
Employee Recognition is one of the most important aspects of being an employee. Why do some employers have employee recognition programs and other employers disregard recognition?
Why is employee recognition a necessity in the workplace? It is important to give recognition to our employees. Today, a high percentage of employees want to be recognized for a job well done. I researched on how employees want to be recognized. There are three parts: pay and benefits adequately reflecting their performance, doing a good job, and their performance is recognized by receiving adequate recognition other than compensation. Don’t get me wrong, compensation and monetary rewards are important in the workplace, but are not the keep drivers. Believe it or not employees are looking for simple things like a pat on the back for a job well done. They are looking for recognition on simple things such as their birthday, their anniversary, stepping up to the plate to help team members and going the extra mile for a customer.
First, defining employee recognition is a must for a successful program. Employee Recognition is recognizing employees for excellent achievements. This can be with no cost recognition and low cost/ high cost recognition.
Second, what is the difference between no cost recognition vs low cost /high cost recognition ? A no cost recognition would be saying a mere "thank you" for doing an excellent job. This is the easiest and cheapest way. A low cost recognition would depend on the organization. For example, a sales company would have an incentive for most sales in the month.(This would include: gift cards, coffee mugs, etc..) A high cost recognition would be giving a monetary incentive. This would include: raises, tuition reimbursement, more personal and vacation time, and other incentives that are costly for employers.
Third, understanding how employee recognition can help an organization. Employee recognition eliminates high absenteeism and employee turnover. It also creates more productive employees. This is a win/ win situation for both the employee and employer. The employee is winning by being recognized in the company. The employer is winning by not having a high absenteeism and high employee turn over which is very costly for a business.
Employee recognition is very important in today's workforce. It can be simply a "thank you" that can improve the business. Employers should respect, recognize, and reward employees for excellent performance. A more productive employee will increase profits for the company.