Employees want to feel appreciated for the work they’re doing. Yet, many organizations miss the mark when recognizing their employees for a job well done.
If you fail to praise your employees, don’t be surprised when they look for work elsewhere. You can avoid this dilemma by creating a rewards and recognition program that consistently gives your employees the credit they deserve.
Read more in our blog: www.peoplekeep.com/blog/what-...
CHAPTERS:
0:00 - Introduction
0:44 - Why are employee rewards and recognition programs important?
1:29 - What are some examples of employee rewards?
2:04 - What are some examples of employee recognition?
2:36 - How to offer an employee rewards and recognition program
3:40 - Conclusion
Employers use rewards and recognition programs to commemorate employee achievements. With rewards, you celebrate your employees who go the extra mile by providing tangible or monetary gifts. With recognition programs, you celebrate your employees’ accomplishments with praise.
Rather than choosing one or the other, you should offer a mix of both.
While many vendors facilitate rewards programs, you can also use employee stipends to reward your employees for their hard work. You can offer a one-time stipend or an ongoing perk to thank your employees, celebrate their work anniversaries, or recognize team achievements.
You can also show your employees that you care year-round by offering a stipend to reimburse the expenses that matter most to them, such as gym memberships, internet access costs, professional development, or leisure activities.
Learn more about employee stipends: www.peoplekeep.com/employee-s...
PeopleKeep is the leader in personalized employee benefits administration software. We make it easy to create and manage your employee benefits and perks, such as HRAs and stipends, in minutes.
Since starting in 2006 as Zane Benefits, we've helped thousands of organizations offer affordable benefits to their employees.
#employeebenefits #employeerecognition #stipends #recognition
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