Reward & Recognition
I am often asked what is the best way to reward employees?
Reward and recognition is something that means different things to each of us, based on our own values and stages in life. Due to this, there is never a simple answer, rather I recommend you consider the following in determining the best way to reward your employees:
What does the individual value most e.g. financial or non financial reward or in turn public recognition versus a simple thank you?
The following examples, demonstrate different types of reward based on our values and stages of life for example:
* Employee A is currently undertaking further education, hence they may place more value on time off to enable them to study
* Employee B may value financial reward, as they have recently purchased their first home
* Employee C may value flexibility in the way they can work, due to family or caring commitments
* Employee D places value on being recognised by other team members for the great work they’ve accomplished
* Employee E does not like a fuss, however likes to be acknowledged by their manager when they have completed their work to a superior standard
Once you understand what your employees value, you are better equipped to determine the best way to reward your employees on a case by case basis.
For more information on reward and recognition please contact eva@nurturehrconsulting.com.au
