Some people will argue that you shouldn’t reward people for doing their jobs. You pay them a wage, and they’ve signed a contract and have specific duties. They shouldn’t be rewarded for simply doing what they are supposed to do. Some of these people, are in fact rewarding their team members, without even realising it. Rewards, after all, aren’t all financially motivated.
If you are giving your staff discounts, or free meals during working hours, you are giving them an incentive. If you offer staff days or nights out, childcare vouchers or the chance to learn and progress, you are offering more than just fair pay. Even if you are merely offering a thank you at the end of the day and treating your employees with respect and kindness, you might be rewarding them more than you think you are. Sometimes the best managers are offering plenty of rewards, without meaning too.
Other people that argue that their staff don’t need to be rewarded have high staff turnovers and struggle with employee retention. While you don’t have to reward your staff, offering Reward and Recognition incentives, praising your team and finding other ways to thank them for their hard work can have some positive effects. Here’s a look at some of them:
Recognition is Important
Recognition is a fantastic thing, but it’s something that many managers struggle with. They notice when people make a mistake and do something wrong, and they jump on it. They might also notice when someone does something fantastic or makes a significant improvement. But, those people that always do their best and work hard often go unnoticed.
Without recognition it’s these people, that are the core of your business, that can grow disillusioned and become unmotivated. When you need someone to do something extra or pick up the slack from elsewhere, they might not be as willing. Remember, a little recognition can go a long way.
High turnover can be crippling, especially for a small business. It’s expensive, and recruitment and training can take time. You might find that your team is never at its strongest if people are always passing through it. Rewarding your staff often means that they stay longer and that they are more likely to stick with you through the tough times.
Your team members will be loyal. They’ll help you to build a good reputation, and they’ll want to be a part of your growth.
To Get More from Your Team
To be a great business, we need more than each member of staff doing their core job. Those people that argue that they pay their staff to do their job might not understand that the best team members don’t just do their job. They do more. They give their all, they work overtime, they offer exceptional customer service, and they are willing to go the extra mile. It’s these people that can make all of the difference when it comes to growing a successful business. Even if the rewards aren’t financial, they can still show your appreciation.