At a time when many companies are trying to “do more with less,” employees are feeling overworked and underappreciated. To remedy this problem, Human Resources can help organizations foster robust rewards programs. When budgets are tight, bonuses might not be possible.
Recently, however, HR Exchange Network asked users of Terkel.io to share their suggestions for rewards, and they offered some creative responses. They don’t all cost money, but they all are ways HR can give a round of applause to employees.
Offer a Monetary Award
“One of the most direct ways to reward employees for their hard work and dedication is by offering them a monetary bonus or a pay raise. This not only acknowledges their efforts but also provides them with tangible compensation for going the extra mile. You could offer a one-time bonus, a percentage increase in their salary, or even a performance-based bonus structure.
A more personal way to recognize employees for their merit and dedication is by presenting them with personalized awards or certificates. These could be in the form of plaques, trophies, or even just a printed certificate, and should highlight the specific achievements and contributions the employee has made to the company. This can be presented during a company-wide event or a smaller team meeting, depending on the size of the organization and the employee’s preference.”-Matthew Ramirez, CEO, Paraphrase Tool
Be Transparent Amid Layoffs
“In 2022, The Great Resignation led to labor shortages and individuals in search of more fulfilling positions – leaving individuals taking on more than their fair share of work. Flash forward to the present day, financial uncertainty and layoffs are causing employees to be uncertain and fearful of what’s next. And, the organization’s attention and media attention are drawn to the employees let go – not those left to pick up the pieces.
Not often discussed, it’s vital to support and reward remaining employees by providing a safe space for open and transparent communication around colleagues’ layoffs. From something as small as a hand-written thank you note or a public thank you at a company meeting to a larger program/initiative rewarding employees’ merit and dedication to their role should never be neglected. After all, these individuals who will forge ahead are shaping the future of your organization.-Jared Pope, CEO and Founder, Work Shield
“It is expected that many employees will find their employers are offering enhanced well-being benefits, such as stress management programs, relaxation apps, and workshops to promote emotional resilience during the fall open-enrollment season. On-site yoga, meditation, and mindfulness can address employees’ emotional health.
Well-being requires a healthy mind and body. We offer therapeutic support for anxiety, depression, and substance abuse. Furthermore, the company provides employees with such programs, such as financial assistance, as a way to address work-related stress outside the office. Wellness goals are also rewarded.
It feels good to be rewarded for our work. It directly affects our mental health. Investing in mental health benefits everyone at work. It is imperative to care for employees. An engaged and happy workforce is more productive.”-Tristan Harris, Demand Generation Senior Marketing Manager, Thrive Agency
Recognize Good Work
“With the labor shortage/cuts affecting many organizations, it is crucial to appreciate and motivate employees to maintain their dedication and quality. One highly effective way is to offer a personalized and meaningful recognition program that acknowledges employee contributions and celebrates their achievements.
As an example, the recognition program can include incentives such as bonuses, promotions, a flexible work schedule, or even company-paid vacations. Additionally, employee recognition events, such as award ceremonies, team-bonding activities, and public acknowledgment in company newsletters or social media can drive engagement and instill a sense of pride among employees.”-Jefferson McCall, Co-founder and HR Head, TechBullish
Let Them Take Unexpected PTO
“The most dedicated and loyal employees, whenever the business is going through a slow period, usually are the ones who put in the most hours. The best way to appreciate such employees is to give them an impromptu day off to take the much-needed rest they deserve.
Hit up your employees with an email telling them they get a day off the next day or for a few days, all on the company’s budget, to boost their motivation and show appreciation for what they are doing.”-Liam Liu, Co-founder and CMO, ParcelPanel
Celebrate a Job Well Done
“Recognizing and rewarding employees for their merit and dedication is crucial. First, showing appreciation on social media platforms, such as LinkedIn, Twitter, or Instagram, by publicly acknowledging and highlighting employees’ achievements, hard work, and contributions, can boost their morale and motivation. This can include sharing their success stories, giving them shout-outs, or tagging them in posts to showcase their achievements.
Second, organizing employee appreciation events, such as team-building activities, awards ceremonies, or appreciation lunches, can create a positive and inclusive work culture where employees feel valued and appreciated. These events provide an opportunity to celebrate and recognize their hard work and dedication, fostering a sense of belonging and loyalty among employees.
By implementing such recognition and reward initiatives, businesses can motivate and retain their employees amid labor shortages or cuts.”-Simon Brisk, Director, Click Intelligence Ltd
Determine the Perfect Personalized Gift
One specific example of rewarding employees is by giving them two paid days off once a month. This allows employees to have dedicated time for rest, relaxation, and personal pursuits, acknowledging their hard work and providing a work-life balance.
Additionally, we also offer personalized rewards, such as gift cards, professional development opportunities, and recognition programs to show our employees that their contributions are valued and appreciated. This approach helps boost morale, motivation, and retention, fostering a positive work culture and recognizing the efforts of our employees in a meaningful way.”-Ryan Flannagan, CEO and Founder, Nuanced Media
Provide Flexible Work
“With labor shortages and cutbacks, employers can reward employee dedication and merit by offering flexible work arrangements. For instance, allowing employees to work from home, offering flexible schedules, or providing generous time off can show appreciation for their hard work. Implementing such arrangements can also result in higher employee morale and productivity, and ultimately benefit the business as well. It is important to prioritize employee well-being and acknowledge the extra work they are doing in challenging times.”-Tarun Saha, Co-founder and CEO, StallionZo
By Francesca Di Meglio
Originally posted on HR Exchange Network