Be engaged with your people by listening to their input and suggestions. Thank them personally and openly for their daily efforts and recognize them before their peers with a Motivational Recognition Program.
What is the cost Factor?
How do Employees view Pay and Benefits?
What can I do to Retain Employees and Increase Profits?
Do you employ more than 30 people? What would you do if a third of your best
employees quit tomorrow? According to a recent poll from Mercer, a global HR consulting
firm, 32% of Americans want to leave their jobs. That's up sharply from 2005. What does that mean to you? If you want to retain your best and brightest employees, you have to do
something. The most researched and least expensive thing you can do to motivate and
reward those outstanding employees is to recognize them.
It's very simple. We all want recognition. Fortune 500 companies have been using
Motivational Recognition Programs for decades with great success. Treating everyone the
same year after year does nothing to reward those who do outstanding work. The problem is many companies start the program and after the first few months, they get busy with other
things and it falls by the way side. Specialty Engraving helps you make it work, supplying you with twelve months' worth of plaques and shipping name plates within 48 hours of the order.
Let Specialty Engraving help you keep your best employees. It's easy and it will make a difference. The fact is that when you recognize your people for efforts and achievements you
lift them up. When you lift up those around you it lifts up the entire team. As your people feel appreciated and engaged they are empowered. Their work attitude and performance is enhanced and as such the business reaps benefits from their success. This success
translates to higher profits for the company and greater compensation and benefits to the employees. When businesses motivate and reward employees with recognition programs,
both the management and staff win.
These are all very compelling points, however, the first thought from employees is that recognition should come in the form of bonus pay or increased benefits. That sounds great
at face value, however, the astute manager has several factors to consider.
Why Motivational Awards Programs Work
Monthly cash bonus can become expensive as a small bonus can be deemed an insult rather than a motivator. Employee pay is not a subject for general discussion and for good reason. Discussions of bonus rewards can lead to other pay related topics and ultimately dissension.A Motivational Recognition Program costs pennies a day and the reward is recognition among your peers.
Typically Pay and benefits are considered an entitlement. With cash awards, in particular, the employee will feel elation with the extra money and then depression as the reward is not continuous. Recognition gives them that feeling of pride without the downside.