Top ways to reward and motivate employees

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There are various ways, approaches or methods employed to reward employees by an organization or management. Rewards management are continuously changing in tandem with the business environment, development in management approach, changes in organization structure, culture and reward system.

Effective ways to reward employees include recognizing and rewarding two main types of employee activity - performance and behavior. Between the two, performance is the easiest to address because of the clear link between the initial goals that the company has set for the employees and the final output in the end. For example, you can have an incentive plan or have a scheme that will recognize your top sales people for achieving particular goals.

Here are top ways to reward and motivate employees



1. Establish an action plan. While the goals that you want to achieve may vary from one project or staffer to another, the process that you follow can be duplicated each time. Andrew Birol, president of Birol Growth Consulting in Cleveland, breaks the process down

2. Be creative in determining rewards. Before you launch the plan, decide the reward. If you've relied on bonuses or profit sharing in the past — and they work — then, by all means, continue to use them. However, Moynihan suggests keeping a notebook on your employees to distribute these cash rewards fairly.

3. Help them connect. Introducing employees to key suppliers, customers or someone in senior management can help make an employee's career, says Ventrice — and it won't cost you a thing.

4. Reward effort as well as success. Even if their ideas sometimes fail, you want employees to keep producing them, said Alan Weiss, president of the Summit Consulting Group Inc. “When I consulted with the CEO of Calgon, we created an annual award for 'the best idea that didn't work' and presented a loving cup at the annual awards dinner. This stimulated innovation and positive behavior, not 'winning.'”

5. Spread the love. Ask co-workers to write something they truly like or admire about an employee on a scrap of paper, then frame them along with a photograph of the employee, suggested David Russell, author of "Success With People – A Complete System for Effectively Managing People in Any Organization."

6. Share the memories. “My team created a scrapbook chronicling the impact I'd had on their company and gave it to me on my last day in the office,” said Lopeke. “People who’d worked on my teams wrote testimonials and creative graphics highlighting some our team successes. It's the best gift I ever received in my 40-year career.”

7. Publicize their successes. “We like to publicly recognize employees so the whole company can share in their accomplishments,” noted Scott Ragusa, president of contract businesses for staffing firm The Winter, Wyman Companies. “Each week, nominations for our quarterly 'Clutch' award are shared with the whole company. The Clutch nominations are a way to recognize our administrative and nonmanagerial professional staff members who have come through in the clutch in supporting their departments or the firm.”

While telling your employees you appreciate them should be obvious, added Amish, no one does it enough or is specific enough about what the employee did. “So when you share your appreciation, be specific about what you really liked, so they not only feel appreciated but can do it again.”



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