Showing your employees appreciation and recognizing their exceptional results motivates them to keep working hard and achieving more. They also feel that they are a part of the team or company, which makes them do more than what’s expected. The main benefits of having an employee appreciation plan are:
- It boosts productivity
- Boosts engagement
- It retains happy and satisfied customers
- It lowers employee turnover
- It creates better work relationships
Here’s how to show your employees you appreciate them:
Offering Employee Financial Wellness Benefits
Offering employees financial wellness benefits is one way you can show your employees that they are appreciated. Providing them with health insurance, retirement plans, and monetary rewards for exceptional results motivates them to work harder.
By doing this, you ensure their financial stability is solid when dealing with healthcare costs, taxes, and other related expenses in life. Additionally, showing this kind of support for your workforce struggling to make ends meet will help promote the message that you care.
As you think of ways to appreciate your employees, you can figure out rewards with a long-term or short-term effect.
Long-term appreciation ideas include
- Offering to sponsor a university degree
- Promoting them to a better-paying position
Short term appreciation ideas include:
- Treat your employees to dinner once a month or every two weeks.
- Offering gifts, appreciation cards, sponsoring a holiday, or giving them a day’s off
Sponsoring a University Degree
When you appreciate your employees by advancing their education level, you show that you care about them and their future. If you have hardworking employees struggling with tuition fees, taking care of the burden will have a lifetime effect.
On the other hand, you’ll be setting them up for success in the company and beyond. When higher positions come up, they will be better prepared to take the challenge. In addition, such employees are more likely to stay within for a long time.
Promoting Them to Better Positions
When employees show their passion and readiness to work extra hard, try as much as possible to hold on to them. As you will realize, such employees are excited by growth opportunities, are willing to take up more challenges and responsibilities. When you give them such chances, it shows you appreciate their effort.
Treating Them to Dinner
Do you want to recognize the best employee of the month? One way to do so is to take them out to dinner. To make it even more special, offer to sponsor the entire family. It goes a long way to show that you care about family bonds and appreciate the effort put in.
Offering Gifts
Probably you have a yearly employee appreciation program, but you don’t have to wait until the end of the year to show that you recognize the efforts. Instead, send them gift packages that are well thought out and meaningful.
Hardworking employees will appreciate the recognition and motivate others to work hard to get the same treatment.
As you will realize, there are many ways you can recognize hardworking and disciplined employees. The intention is to show them their efforts don’t go unnoticed and you care. You can also announce or put their name and photo on the company notice board or website as the year’s employee or recognize what they have managed to achieve.