Recognize This! – Give employees a reason to work harder by recognizing their efforts.
Extending on yesterday’s post on increased pay not solving stressful work environments, Bnet recently published an article on how to increase productivity. The most insightful point in the post was:
Employees are already pushing the limit on productivity, considering many are covering the roles of multiple team members who were long ago laid off and never replaced. But that doesn’t mean they aren’t willing to work harder if they know their work has meaning and purpose.
Strategic employee recognition is a powerful method of communicating that meaning and value of their work. But recognition and reward programs do not have to cost a lot. Numerous clients have doubled and even quadrupled the amount of recognition occurring in their organizations without increasing their recognition budget.
How? It’s simple. Stop focusing on large cash bonuses given to the elite once a year as the primary means of recognition. Research shows more frequent recognition and rewards of much lower economic value have a stronger and more lasting emotional impact on employees.
Harvard Business Review explained the research this way:
What are you doing to make your employees feel good about working harder?