Rewarding employees: 6 times you should step in and break out the rewards
You have to capitalise on the moment to make rewarding employees count. The best time to be there with a reward is when the dopamine rush of achievement is still whizzing through your employee’s brains.
Here are six occasions you need to be recognising and rewarding employees. There’s more to this than just hitting a sales target.
6 situations where you should have a reward in your hand for employees:
Education and skill-building are vital. Investing in staff builds employee value to your business, and your company’s value to them in turn. Celebrating employees for building their professional skills shows how much your company values self-improvement.
Reward employees for completing courses, passing tests, high achievement on their professional development work, or even for the first project they complete with a recently-learned skill set.
Volunteering for your causes
Social causes bring employees closer to your business, closer to other employees, and closer to your values. Make sure you’re rewarding staff when they use their time outside of work to support charities and causes you hold close.
That might be organising a charity sports event, sorting out charity collections in your offices, or just giving up a bit of time on the weekends.
Helping other employees
A collaborative, constructive environment is a productive environment. Make sure employees are rewarded when they build connections between teams.
That includes staff who train their colleagues, go out of their way to help other employees finish work, help new employees settle in to their role, or deliver valuable leads to their peers.
Moving and improving
The workplace can be improved without overt focus on core job roles. Staff might take responsibility for site safety, lead a health initiative, organise group exercise, provide healthy snacks for the office, or manage a tobacco reduction scheme for their department.
Be sure to reward behaviour that makes for a happier, healthier place for all of your staff to work.
KPIs, sales targets, and hard numbers are the old reliable for rewards. On one hand, it’s the least imaginative reason to reward your staff, and it really only reinforces and promotes behaviour that produces the cold numbers. On the other hand, every department has to hit their numbers.
It’s still worth rewarding staff for smashing their targets, as long as you don’t fall down the rabbit hole of chasing nothing but the numbers.
Bringing values to life
Living your values in their work. Not always tied directly to a KPI-related outcome, but worth rewarding when they’re making your business closer to its best version of itself.
Your values, and bringing them to life, is a vital component of employee engagement. When staff excel by adhering to your values, be sure to reward them. It shows not just that you value achievement, but that part of achievement is bringing the company’s values to life.
Longevity and milestones
Staff often expect to see some recognition for their long service after just a year with a company. Rewarding staff for their longevity helps create a more intense and lasting connection with your business, increasing the chance they’ll stick to your business.
Make sure to be timely with when rewarding employees to maximise their benefit to your business. Anticipate when staff are going to be full of beans from a recent achievements and swoop in with a reward.