Reward isn't just about the money

The latest research into effective employee recognition has a clear message for business owners and managers, who will otherwise find themselves fighting high levels of employee disengagement , plummeting morale and loss of talent in 2016.

Employees want respect and recognition for doing a good job. They want to be asked their opinion and be involved in decisions, especially those that affect them.

Recognition can be broken down into 3 ways:-

Formal Recognition - is a structured or planned programme of recognition for a desired performance. Examples include CEO's Award, Employee/Team of the Month Award. This recognition can be significant and symbolic especially as it is typically presented in a public forum.

Informal Recognition - A spontaneous gesture of sincere thanks for desired behaviour or performance. Examples include a “pass round” trophy to acknowledge exceptional customer service, bringing in cakes/pizza to celebrate department success. These forms of recognition are increasingly more important to today’s employees than more formal recognition.

Day to Day Recognition – daily feedback about positive employee performance. Examples include walking round the office and telling someone they have done a good job on an assignment, a simple thank you in person or in front of others for a job well done. This is the ultimate form of recognition. It helps create a results oriented culture of recognition for your company.

If you want to keep your best talent you must take action. Human resources isn’t just about handbooks, contracts and policies.

www.coulthardhr.com Email: Nichola@coulthardhr.co.uk. 07946 541606

Coulthard Human Resources – helping businesses become great employers