In today's history, 2020 year was a difficult year for everyone. Due to this pandemic, many businesses have chosen different ways to communicate and getting work done.
Also work from home is new HR trends in 2021. So it most challenging part for every HR professionals to keep motivated their employees.
Recognition & Rewards provides a NEW LIFE to the employees – as a result, they work harder even more and more.
So, Employee Rewards and Recognition strategy will help you to keep an employee motivated all the time.
Thinking how does it work? What strategies will make employees happy?
1. Monetary Rewards:
Monetary Rewards can be two types direct and indirect compensation
These rewards will be provided based on skills, creativity, output, knowledge, and experience.
You can provide them
1. Bonus
2. Incentives
3. Commissions
4. Increased Hourly Pay
5. Employee Benefits as per the company
Indirect compensation is given to employees converting health life insurance, sick leave pay, annual leave, appraisal. etc.
2. Non-Monetary Rewards
Non-Monetary Rewards are visible. Non-Monetary rewards can often create the feeling or the judgment of inequity practice within the organization.
Training facility
Free daily snacks (Tea/Coffee)
Office Interior for comfortable employee work
Cabins, table, chair, for the ease of sitting
laptops and desktop facility
Virtual birthday celebration (If working from home)
Other Rewards and Recognition for employees
1. Sponsored Online Courses
2. Meal Subscription
3. Personalized Items
4. Gift Cards
5. Incentives
6. Gift Hampers
7. Certificate and Trophy of Recognition
8. Offer Lunch with the CEO
9. Thank You Notes
10. Team Outings
11. Social Media Appreciation
12. Performance-Based Recognition
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