What Are The Best And Most Effective Ways Of Giving Rewards To Employees
For every company out there, they need know about the importance of having their own strategic rewards intended for their employees which aims to address these areas as follows – their benefits, their compensations, their appreciation and their recognition as well. Perhaps you do not know about it but there are actually two common problems that comes along with the ways on rewarding employees which is being done by majority of the companies out there and these are: the lack of one or more of the above mentioned elements (in most cases, it is appreciation and recognition); and the elements which should be addressed are incoherent with the other corporate strategies of the company.
If this happens to be the problem in your company as well and you are looking for ways on how to correct this, we advise you to better begin by rewarding them in a manner that you are also recognizing and rewarding their performance as well as behavior. As for behavior and performance, the one that is known for being the easiest to address is performance since such employee activity has something to do with the starting goal that the company has set for the employees and the final output that the employee will provide at the end. Let us say, for you to recognize or reward your employees, you can either have an incentive plan or perhaps a scheme that will recognize them who are your top sales people for achieving a certain goals that are set for them.
On the other hand, if you are going to reward a certain behavior of your employees who made a difference in your company, you need to bear in mind that doing so is actually more challenging in comparison to rewarding the performance of your employees. But then again, there is nothing for you to worry about that as you can always overcome such kind of situation once you already know what it is that you are compensating your employees for. Was the reason why you are giving compensation to your employees has something to do with their ability to contribute new ideas on how you can possibly complete your work more efficiently and effectively or are you compensating them for being early at work and even staying late at night or oftentimes rendering overtime? If you are to give your employees rewards that concerns their behavior towards work, it would be best and beneficial on your end to determine if the basis of such a reward is due to their innovation or perhaps has something to do with the amount time they spend on their desk, working. You need to do this as there is a big difference between them being innovative and the amount of time they spend working.