Here at PerkSpot, we’d like to think we’re something of an expert on rewarding and recognizing employees. We know a rewards and recognition program can improve areas like talent acquisition, employee retention, turnover, and engagement. But where do you start? Begin by surveying your employees, who are the people that will most directly benefit from this program. To get started, check out these four questions.
What motivates you?
One of the most important components of recognizing employees is doing so in a way that feels valuable and motivational. After all, your aim with a program like this should be giving your employees a reason to continue to put forth great performance and reward them for doing so. But to make your program successful, it’s important to know what motivates your employees. Once you have a good understanding of that, you have a much better chance of developing a rewards and recognition program that has a successful and profitable outcome.
How do you want to be rewarded?
It’s easy for an employer or HR manager to guess how their employees want to be rewarded and they might be close to the mark with their guesses. However, if you truly want to reward your employees the right way, it’s important to know what kind of rewards they want. For some, it could be perks, like company outings or vacation days. Others might prefer monetary rewards. For example, consider a yearly bonus or recognition directly connected to quotas or goals. The aim here is to show your employees your appreciation. Do this by giving them something you know they would enjoy.
How do you want your rewards communicated to you?
This question dives deeper into the nitty-gritty of your recognition, but it’s an aspect that should be acknowledged. Your employees may have different preferences for how openly you choose to recognize them. Studies show recognition should remain largely public, as this incentivizes other employees to work towards optimal productivity. However, some employees might prefer more private recognition for their accomplishments. Therefore, it’s vital you check with your employees to confirm they feel comfortable with how you communicate their rewards, both to them and to the rest of the company.
Who do you want to reward you?
Odds are, this answer will dramatically differ depending on the size and structure of your company, so you should take into account the culture of your company when you ask this question. A more relaxed work environment may find employees prefer to receive recognition from all levels: CEO, manager, or coworker. In a more corporate or structured workplace, employees might only feel recognition from their managers makes the most sense. Your aim with this question is understanding whose recognition will have the most impact on work output and productivity for your employees.
When you ask your employees these questions, it’s important to remember that there are no wrong answers. Instead, keep in mind that these answers will help you shape the ideal rewards and recognition program for rewarding your employees. If you’re looking for guidance, or you’re interested in learning about PerkSpot’s Rewards and Recognition platform, click here to learn more!