It can be difficult for employers to know when and how to reward employees for their hard work, particularly as the company grows and the workforce expands. But it's an important aspect of managing a company and employee recognition plays a crucial role for the culture of the business. Showing your staff that you recognise their hard work and appreciate it will not only encourage great team work and boost productivity, but it will also benefit your business when it comes to attracting new recruits. Here are some of the reasons why you should always reward your staff for their hard work, time and effort, and the benefits it provides to your business and staff alike.
No-one enjoys feeling underappreciated, particularly at work, and it can have a negative impact on morale if staff go too long without feeling recognised for their input. But by providing rewards for hard work, it reinvigorates their passion for the role and can help to create a fun and happy work environment. There are a number of ways that employees can receive perks and rewards for their work, such as team building classes, group activities and even reward schemes.
Attracting New Recruits is Easier
While the use of an online HR system has made the recruitment process easier, one of the ways that companies can help attract the very best talent for new positions is by creating a strong reputation as a business. Employer branding is now an increasingly important factor to the modern-day workforce and with online review sites, it's easy for applicants to see how previous or even current staff rate their workplace. Negative reviews can be damaging to your business' reputation and can stop people applying for open vacancies. But fostering a positive workplace where staff feel valued and are rewarded ensures that recommendations from peers are more common. What's more, reward schemes become a selling point as part of the recruitment process too.
Increases Employee Retention Rates
Attracting the best applicants for new roles is important, but what is equally important is retaining the staff you have and that you've invested in. Employee engagement is a big part of retention and staff that are recognised and praised for what they do are more likely to be satisfied with their role and more loyal to the business overall. This provides a boost to employee retention rates and keeps the top talent of the industry within your brand rather than leaving them tempted to look elsewhere for a more rewarding role.
To today's professionals, feedback is key to helping staff understand what they're doing right and where they can improve. While annual reviews and monthly catch-ups are great for this, reward schemes are a more enjoyable and fun way of providing positive feedback to employees. It lets them know that they're on the right track and that the work they're doing isn't going unnoticed, which will encourage them to continue doing so long-term.
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Help! My Friend Is a No Show
Dear Armchair Psychologist,
I have a friend who doesn't reply to my messages about meeting for dinner, etc. Although, last week I ran into her at a local restaurant of mine, it has always been awkward to be friends with her. Should I continue our friendship or discontinue it? We've been friends for a total four years and nothing has changed. I don't feel as comfortable with her as my other close friends, and I don't think I'll ever be able to reach that comfort zone in pure friendship.
Dear Sadsies,I am sorry to hear you've been neglected by your friend. You may already have the answer to your question, since you're evaluating the non-existing bond between yourself and your friend. However, I'll gladly affirm to you that a friendship that isn't reciprocated is not a good friendship.
I have had a similar situation with a friend whom I'd grown up with but who was also consistently a very negative person, a true Debby Downer. One day, I just had enough of her criticism and vitriol. I stopped making excuses for her and dumped her. It was a great decision and I haven't looked back. With that in mind, it could be possible that something has changed in your friend's life, but it's insignificant if she isn't responding to you. It's time to dump her and spend your energy where it's appreciated. Don't dwell on this friend. History is not enough to create a lasting bond, it only means just that—you and your friend have history—so let her be history!
- The Armchair Psychologist