Employee engagement. Some people see it as a miracle cure for workplace challenges. Others say it’s become an overused buzzword. Somewhere in the middle is the reality: engaged employees do perform better, are less likely to have health problems, and are also likely to stay with a company longer.
As incentives go, rewarding employees is one of the most effective ways to increase employee satisfaction. Taking time to recognize your employees’ achievements is a powerful motivator, helping to foster engagement and increase productivity. We cover six benefits of rewarding your employees in this article. If you need ideas on how to reward them, we cover that here.
6 benefits of rewarding your employees
1. A happier workplace
51 % of workers say they aren’t happy at work. Rewards, even small ones like thank you notes, give people a sense of pride in themselves and working for their organization. To help employees feel good about what they do, leaders should be sure to recognize and reward effort, not just success.
2. Personal connection
Rewarding employee efforts create an essential bond between leadership and staff. This bond is crucial to building a healthy and positive work environment where employees can freely communicate their feelings and needs.
3. Increased collaboration
Peer recognition goes a long way in boosting personal and company-wide pride. It also establishes camaraderie between colleagues and increases teamwork.
4. Greater loyalty
Employee recognition has been shown to increase loyalty and boost retention rates. When employees are engaged with your business, they’re more likely to promote and sell your brand. Rewarding hard work and effort generates loyalty and helps employees feel an emotional bond with your organization.
5. Higher engagement
We talk a lot about how important it is to focus on employee engagement, and there’s a reason for that. Engaged employees are more productive, have higher job satisfaction, and inspire others to be engaged. They also transfer their joy in what they do to your customers, resulting in better customer experiences and loyalty. Predefined workplace incentives inspire employees to achieve goals to get rewards. So simple, yet so effective.
6. Workplace bliss
We’ve come a long way from the days when workplaces followed strict rules and time schedules. But there’s still a lot that can be done. Spending just a little bit of time a day-even ten minutes-recognizing employees makes for a more relaxed, calm environment where people feel free to let down their guard. Taking steps to vanquish workplace tension is a great way to inspire and motivate employees to achieve their goals.
At BeeLiked, we’re in the business of helping companies build a culture where employees thrive, grow, and become more engaged. We know that when employees feel valued, their engagement and satisfaction rise and they’re motivated to be more productive. Our customizable gamified promotions help you empower and engage employees, recognizing them for the qualities, behaviors, and values they bring to the workplace.