Reward Your Employees For Their Hard Wor
Employees are a company’s most valuable asset.
According to research, happy employees are 12 percent more productive. This is because happiness is contagious and if one person in the workplace is satisfied, then chances are this will result in others around him or her being happy too. Happiness is an excellent ingredient for success, and as a result, happy employees are also great at supporting one another.
Having a positive workplace encourages staff to be more prone to risk-taking, and this is excellent news for the company as your workers won’t be afraid of making mistakes. If you run a business and feel this is a great time to reward your workers and add to their happiness levels, here’s how to do so.
Put a system in place
Knowing how to reward your employees can be tricky, specially if you have no system in place that will tell you who you have already paid and for what. That is why it’s important to make sure you have a system in place that will allow you to compensate your staff with minimal effort on your part. In the old days, we would reward employees and write everything down so that we could keep track of said compensation. These days, everything has become much easier, thanks to the internet. With advanced computerised systems in place, we are able to pay employees what they are worth without needing to worry about duplicate pay or forgotten pay dates. This HR Management Software will allow you to compensate your workers in a secure and reliable way.
Decide what you’ll be basing rewards on
Will you be rewarding your staff on punctuality, or will it be a target-based rewards system? Will you decide to compensate those who maintain a positive attitude throughout the working day or will you prioritise team collaboration? It is up to you what you choose to reward and how, but you must make sure you know what you will base this on for you and your workers to be sure on what attitudes and behaviours will be encouraged. Lack of clarity is a real problem in some organisations and whether this is over their exact role descriptions or over managerial processes, not having a clear strategy can have a tremendous impact on your workforce and turnover. In order to avoid this, make sure you have a clear plan in place.
Make sure your rewards are transparent and that everyone’s happy
Once you have decided on what will be awarded to whom and why, you should call a general meeting and let everyone know what kind of reward system will be followed. Lack of transparency in the workplace can lead to jealous behaviour and unnecessary competition. It is not that competition is unhealthy but that this should be positive and constructive. If you don’t want to see your staff fighting over rewards and being unkind to one another, it will be helpful for you to set up a transparent reward system, one in which everyone from the top to the bottom of the company’s hierarchy has learned about and as a result, internalised. Don’t let secrets get in the way of your business’ efficiency.