The Power of Employee Rewards: Motivation and Retention

Monday, May 01, 2017

Employees are part of a business infrastructure. What does that mean? It simply means that without them, a business does not have a basic structure of an organization. To succeed, the basic structure must be strong for the company to be able to run well its activities. How do you manage to do that?

First of all: recognition. Giving feedback to employees to let them know what to improve is important, but so is telling them from time to time that their job is well-done. Letting them know that their job is not left unnoticed will let them feel like their efforts aren’t totally useless; on the contrary, they will feel useful and encouraged and it will raise their self-esteem.

To have employees even more motivated, we have to go beyond verbal appreciation: rewards. Rewards are powerful when it comes to motivating employees. Acknowledging superior results will let them know that their hard work can actually be rewarded and it can make a business productivity go up.

Not only employees will be more motivated, but they will most likely remain with the company. Dealing with the loss of employees and hiring new ones can be quite expensive, so recognizing and rewarding hard working employees can avoid this trouble. Not only can it help employee motivation and retention, but it will also improve the business’ working environment. Happy employees usually make the atmosphere more pleasant.

Increase employee loyalty and motivation to generate greater success!

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