50 Ways to Provide Meaningful Rewards to Employees
Why Providing Rewards to Employees Matters?
Rewards are an important part of workplace productivity and employee motivation. When employees find that both their work and their workplace environment are rewarding, they are motivated to perform at high levels. The benefits of having an effective employee rewards program are many including improved morale, higher job satisfaction, better employee retention, and increased workplace productivity.
Why You Should Care About Providing Meaningful Rewards to Employees in the Workplace?
When employees know that their work will be rewarded in a meaningful way, they tend to perform better! They are more likely to stay engaged, work harder, and be committed to the goals for your organizational work area.
You can use rewards strategically to reinforce the behaviors and outcomes that you want to promote, whether it’s innovation, teamwork, customer service excellence, or other key performance indicators that will help you succeed in meeting your organization's objectives.
Ultimately, when your rewards resonate with your employees’ values and desires—whether it’s financial, recognition, or career development opportunities—they feel more connected to you and to the organization and are more likely to contribute positively.
Why You Should Get This Guide?
If you want to use rewards as a tool for improving employee motivation and workplace productivity, then you must ensure that your employees receive both extrinsic and intrinsic rewards. This means that the rewards that your employees receive have to come from your organization, from you, and from the actual work that they perform.
Providing meaningful intrinsic and extrinsic rewards to different employees can be challenging. The primary reason for this difficulty comes from the fact that motivation is not a one-size-fits-all experience for people. Motivation is an individual experience. For example, what motivates you might have no affect on some of your employees.
Aligning rewards to what each of your employees truly values requires a deep knowledge of their personal goals and drivers. One way to overcome this challenge is to structure your rewards program in a manner that meets the needs that all people share.
This guide identifies 50 ways that you can provide meaningful rewards by focusing them around three critical needs that all employees share.
FREE BONUSES
Your purchase of this guide includes two on-demand streaming videos (a $10 value) and two downloadable reference tools (an $18 value) that provide supplemental information on how to use extrinsic and intrinsic rewards in your employee rewards program.