August 22 -
It’s important not just to recognize outstanding performance, but to reward it in a meaningful way to each employee. Rewards fall into the area of social reinforcement and tangible reinforcement. Tangible reinforcement can take the form of gift cards, movie tickets, trips, electronics, and many other items. The key to building an effective reward program is to have rewards that are viewed as desirable and valuable by each employee.
Reward programs are not “one size fits all” in terms of perceived value. While one person may be thrilled with tickets to a theatre or sporting event, another would much prefer housecleaning services or a catalog certificate. Some might perceive lunch with the company Vice President a powerful reward, while others may see this as an intimidating negative experience.
In selecting the reward options for your team members, careful consideration should be given to the “trophy value” of the reward. The effect of a reward will have more lasting value if there is visible evidence of it in the workplace, either on the wall or on the employee’s desk. The item can be an actual trophy or plaque or anything that serves as a visual sign that the employee has excelled in some way.
Want more information about rewards and recognition? Join us at the QATC Annual Conference set for September 19-21! You won’t want to miss our 40/20 Ideas in 60 Minutes session on Coaching, Rewards, & Recognition, along with many other amazing topics! Register today at https://cvent.me/wyAvWQ
