Employee Rewards To Say Thank You and Fuel Performance
In the fast-paced world of work, where the daily grind can sometimes overshadow the recognition of individual contributions, it’s easy for employee reward programs to become repetitive and lose their impact. So, how can forward-thinking organizations ensure their reward programs remain genuinely rewarding?
Life Moves Pretty Fast...You Could Miss It
As I pondered these thoughts one summer afternoon, with my kids engrossed in an 80’s cult classic movie, I was reminded of a timeless piece of wisdom from Ferris Bueller. He once said, “Life moves pretty fast. If you don’t stop and look around once in a while, you could miss it.” Thank you, Ferris, for the reminder! Just like Ferris orchestrates a legendary day off from his daily grind, Employee Recognition and end–of–year rewards are about offering moments of joy to help invigorate your employees in their own routines.
Much like life, the pace of work can be relentless. It’s vital to periodically pause and truly appreciate the remarkable contributions of our colleagues. It’s all too easy to get lost in our own tasks and overlook the value others bring to the table. Building a culture of recognition requires us to actively acknowledge and celebrate our employees’ achievements, big or small!
Let’s take Ferris’s advice to heart and ensure we stop, look around, and celebrate the extraordinary contributions of our team. By doing so, we’ll cultivate a workplace where appreciation fuels performance and happiness and our rewards programs will be even more rewarding!
79% of employees say an increase in rewards would make them more loyal to their organization. 1
Only 33% of employees agree that in the last 7 days they received praise for good work. 2
44% of employees feel burned out from their work. 3
Celebrating achievements is not just a nice-to-have; it’s essential for fostering a vibrant, engaged, and enthusiastic workplace. If we fail to recognize and connect employees’ efforts to behaviors that positively impact the organization, we risk creating an environment reminiscent of Ferris’s economics class—where engagement and productivity are as scarce as Bueller himself. “Bueller, Bueller, Ferris…Bueller?” When employees feel genuinely appreciated, they are more likely to exceed expectations, fostering a positive and productive work environment adherent to your core values.
As Ferris Bueller put it, “The question isn’t ‘What are we going to do?’ It’s ‘What aren’t we going to do?’”
Put Employee Rewards and Retention on Repeat by Giving Thanks and Appreciation