The Importance of Appreciating Your Employees
"Happy employees are the secret of most leading organisation’s success. Unfortunately, reward and appreciation programmes don’t get due importance in the scheme of things behind running an organisation." Dr. (Col) John Chenetra, President, SecUR Credentials
An employee joins a company by taking into consideration the remuneration, scope of work, and organisation culture. However, it is recognition for a job well done that plays a critical role in retaining him. This is why it is important for companies to recognise and reward excellence, just as they would penalise poor performance. Celebrating individuals as they climb the ladder of success is vital to fuelling their desire to rise further and serves as the highest motivation they can receive.
Happy employees are the secret of most leading organisation’s success. Unfortunately, reward and appreciation programmes don’t get due importance in the scheme of things behind running an organisation. It doesn’t necessarily mean one has to organise a grand award ceremony; it can even be simple tokens of appreciation presented periodically. It doesn’t have to be monetary compensation but can also be in the form of holding regular town-hall sessions where you appreciate what each team is doing and motivate them to continue with their good work. Here are a few criteria that would warrant a special mention or reward:
This is when an individual’s ability to exceed targets, meet deadlines, acquire new accounts, bring in new customers, or win industry awards exceeds the company’s expectations or the performance of their co-workers. It is essentially result-oriented, and measures the employee’s output.
While a performance based reward focuses on an employee’s output, an effort based reward focuses on their input i.e. the amount of work or time they’ve invested into the company. Certain departments like IT, HR, Administration, Finance, and Legal, do not have actual, tangible targets like a Sales or Marketing department, and as a result the only way to reward high performers is on the effort they’ve put into their work.
Difficult Tasks Acc omplished
This is when an individual successfully completes a difficult project or crucial task, such as setting up a new office, overseeing a major merger, or increasing the company’s market share, among others. While this is what is expected of the individual as part of their employment, given
the complexity of the task at hand, and the enormous effort required, there is an immense scope for failure, which is why success is rewarded handsomely.
Creativity and Innovation
The ability to think outside the box and innovate is crucial to the success of any business, and often the only difference between failure and dominance. As a result, employees who come up with creative and innovative solutions to improve operational efficiency, product development, and brand messaging, that give the business a competitive edge, should be rewarded for their ingenuity.
There are several ways to compensate employees for their brilliance, like monetary rewards in the form of bonuses, incentives, and cash prizes, team lunches, as well as recognition in front of their peers (in award ceremonies) and clients (on the company website). But perhaps the best way to reward employees is by allowing them the opportunity to grow within the company, i.e. by giving them challenging assignments and promotions. People love to be appreciated, and the only way to make sure that you best people stick around for years to come, is to acknowledge this fundamental human desire.
Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house