In today’s competitive world employees want to be treated fairly and included to be the part of growing organization. Salary is not the only thing which employees are concerned of these days they need to be feel appreciated and recognized. Organizations are following many Reward & Recognition programs to boost up employee motivations. These programs are always helpful to say thank you to an individual effort. Reward & Recognition’s are separate from the annual appraisals but add a huge part as an achievements to count on during performance appraisals.

According to Gallup studies, survey says reward & recognition is a motivator booster to employees and helps to work more with a zeal. Continuous recognition increase the 70% work efficiency of employee. In conclusion its clear that Reward & Recognition is a need in today’s competitive world not a want.

It’s a process where employee and employer both are benefited and receive positive ROI (Return on Investment). To have successful Reward & recognition program the first task would be to include the upper line management approvals for go ahead and explain the ROI numbers as an impact.

For the recognition component to succeed, the focus remains on honoring the efforts of employees. While a presentation may include a luncheon or gift certificate something reward like this will motivate the employee.

Reward & Recognition Idea’s

1. Team Lunch – Take your team out for lunch and treat them with good lunch where whole team will spent some quality time out of the office.
2. A day with CEO/MD – To reward the best performer reward that person to get direct interaction with CEO / MD and get a chance to talk closely.
3. Gift Coupons – On spot recognition give Gift coupons to employees to instant rewards.
4. Wall Of Fame – Create a wall of fame at office and place employee’s picture with some citation. Employee will feel special and recognized.
5. Team Birthday’s and Anniversary celebration.
6. Appreciation Mail about the employee published to all employees.
7. Kudos at all hands – Special recognition announce at meetings and give a special attention to an employee in front of everyone.
8. Star of the Month – Announce one employee in every team as a star and reward them with gift voucher, couple movie ticket or coupon as a gesture.

Reward & Recognition is a great and flexible tool that should be practiced in every company. Whether you want to launch the above programs or find small ways to say “thank you” to your employees. Recognize the right Talent!!!