Why Employee Recognition is important
It’s almost the end of 2022. Can you believe it? The year has just flown by, and it’s now the time to start getting ready for that holiday and celebrating the new year with family and friends.
Often at this time of the year, we all look back on the year we’ve had and recognise our most significant wins. And when we have end-of-the-year work parties where we recognise our employees. While recognising employees & their efforts at this time of the year is essential, it is equally, if not more important, to recognise them throughout the year as well.
The pandemic has caused a massive change in employees’ perspectives concerning their lifestyles, which in turn is causing permanent shifts within the workplace. Amongst these changes, employees’ enjoyment of their work and mental health is now at the forefront of the conversation. A recent Allianz study revealed that 42% of employees say they’re likely to leave their current jobs within the next 6-12 months and have labelled this phenomenon as “The Workplace Wave.”
It is crucial as a business to be proactive in understanding this phenomenon and your employees’ unique needs. Recognising and rewarding your employees is becoming increasingly essential in improving open communication and installing mental health policies. Acknowledging an employee’s achievement can be a significant mood booster, increase performance and instil a sense of purpose.
So how should you reward your employees?
When it comes to rewarding your employees, there is no one size fits all solution. Recognising and rewarding your employees should be genuine and be given when an individual or team accomplish something outstanding and or exemplify your company’s values and or vision.
Employee rewards should be given widely across your organisation and recognise the hard work within your company. Employee reward programs are a great way to recognise and reward employees. Reward programs are cost-effective and cause minimal disruption to your day-to-day operations.
With an accessible online portal customised with your company logo and offering employees their choice of reward, Contribute is the employee reward platform built for your needs. And best of all, you can give back to the community with your choice of social enterprise. While various employee reward platforms are available, Contribute goes above and beyond.
Want to learn more? Contact us today to discuss how Contribute might work for you!
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