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Last week, I shared 10 Essentials for Enhancing the Performance Management Process. There was lot of positive discussion surrounding the subject of how to improve the performance of your employees. Today, I want to tackle the topic of reward. Rewarding employees appropriately is a key aspect of improving employee performance. It’s essential that employees are recognized for a job well done. Sometimes this recognition is tied to a monetary reward, and sometimes it’s necessary to find non-monetary methods for rewarding your team.
Inappropriate rewards could easily work against the overall performance of the business and it’s employees. Rewarding employees who don’t deserve could be argued as grace, but this kind of “reward” sends the wrong message to employees, and it sets teams up for mediocrity.
Appropriate rewards push individual performance to new levels, and they raise the bar on overall company performance. Here are a few reward types for you to consider as you seek to improve your team and company.
I’m sure there are some other ways to reward employees. I’d love to hear your thoughts on the above list and your ideas for rewarding employees. Share your thoughts and ideas in the comments.
How do you reward your team members? How does your company reward its employees? Do you think rewards work? Why or why not?
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