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Human Resource

Rewarding Your Employees

Employee motivation is important in today’s business climate. Company managers need to find great employees. Good employees can offer the skills companies need to flourish. Great companies can offer them something even more special. Company officials also need to find ways to motivate them and get them to use their personal and professional talents successfully each day, week and quarter.

Varied Rewards

Employees respond to many types of rewards. An employer should think about a broad mixture of rewards that encourage people to do well on the job and develop their skills in other ways such as earning an advanced degree. They may also want to think about specific goals that each company has for the market it serves. For example, the company may be seeking to look for new sales markets locally. A company manager or business owner might also want to do five or ten percent better than the previous year. Employees who are given the rewards they need to feel like valued members of the team are employees who are likely to help the company reach goals.

Teamwork For Today’s Market

Teamwork can serve to motivate employees and promote bonding. When people feel connected with others at work, they feel they matter and mean something to other people in a personal way. One way to create a sense of teamwork is by participating in sports. Sports like golf encourage many important qualities as well as teamwork. When a team wins a golf trophy, each member of the team has a sense they’ve done something quite special.

New Ways of Thinking

Sports also help people learn to think strategically and see where they’ll be over time. They encourage people to get outside and enjoy the fresh air with colleagues in a low key setting. They also encourage people to become physically fit. Physical fitness can help reduce the company’s health costs and decrease employee absenteeism. People who are physically fit can also spend more hours on the job with clients and remain sharp mentally as well as physically. Sports can also make people feel accomplished. Being part of a sports team also helps employees network closely with others.

In Front of Other Employees

Many other types of rewards also provide a way to meet employer goals and get the job done. People tend to respond to monetary rewards as well as rewards that demonstrate a sense of accomplishment in front of other employees and in front of HR managers. For example, an employee dinner means an opportunity to honor many employees at the same time. A catered formal dinner also offers people an opportunity to have their accomplishments recognized beyond the bounds of their current department. Catered dinners with music and great food in front of an employee’s family create wonderful time outside of work for everyone in the community.

Moving Up

An employee may be seeking to move within the company’s ranks from one division to another. By showcasing their talents in front of the entire company, they are given the chance to learn about other possible opportunities. They’re also given the chance to become a mentor for new employees. Mentoring is a great way to communicate work culture directly and help keep important institutional memories alive. People who can demonstrate they’ve learned new skills are also those who are likely to continue to remain loyal to the company. Company loyalty helps create less turnover and thus helps to reduce the company’s hiring costs. It also helps create happy employees who want to make this organization their personal career.

A Fabulous Culture of Recognition

Rewards help people feel as if the work they do has meaning and value. It also helps make employees feel tied to the company and invested in seeing it succeed. Company managers who are able to think about how best to reward employees are those who are likely to see continued growth. A rich mixture of varied company rewards can also help create a culture that recognizes individual achievement and makes employees recommend working there to others. Employees can frequently provide the employer with other employees who are capable of doing a good job as well. They can serve as valuable company ambassadors for the company’s brands.