Nowadays a major challenge for the HR department is to recruit and retain top performers in an organization. With the tide of great resignation doing rounds and sweeping away the good employees, retaining the employees has become a big and arduous task for the HR Managers in an organisation.
It is because most of the employees do not receive recognition in the last 12 months and they usually change their job to earn more money.
This happens because the organizations lack proper employee rewards and recognition.
What Is The Best Practice Of Employee Recognition Culture In An Organization?
Always keep in mind that your employees are the most valued resources of your company, and still various organizations struggle to retain their top performers. The best practice to retain your office employees include
1. Always try to provide opportunities for career development and advanced training as a part of employee recognition.
2. Try to align performance benchmark with your business success strategy, culture and goals.
3. Fostering a recognition culture and make sure to offer informal feedback.
4. Always reward and recognize people from all operational areas.
5. For employee rewards and recognition try to establish solid criteria in your workplace.
What Cultural Strategies Should Be Used For Employee Rewards And Recognition Systems?
Follow the below strategies for employee recognition in your business.
1. Make It Personal
It is very crucial to be straightforward, accurate and personal. Always use positive words and narrate in a few words that you understand their hard work.
2. Offer Opportunities
Many hard workers never get a chance to excel due to the nature of their job or sometimes fewer expectations of work type impact it. People who do their job well should be recognized for training and their expanded responsibilities.
3. Magnify Recognition
Communicating verbally is a very effective way of employee recognition, however, you can then back it up by getting employee recognition published in team meetings, dashboards, newsletters etc.
4. Holiday Rewards And Special Bonuses
The best way to award an employee is to offer them holiday rewards or provide special bonuses. This will surely boost their motivation and make the employee feel special. Also, all employees will pure their efforts in earning these kinds of rewards.
Conclusion
There are multiple ways to improve the employee rewards and recognition system in an organization and above I have highlighted 4 pointers. This will surely help in improving the reward and recognition system in the organization.
