Human Capital Management Blog

Strategies for HCM Professionals

4 ways that employee rewards can make a big difference

rewardsWith many of the benefits that human resources offices regularly administer for their employees, the process feels less like a treat and more like a daily grind. Handling such tasks as applying for health insurance and bus passes is useful for workers, but it’s also tedious and does little to add excitement to anyone’s day.

To fix this problem, HR departments can offer other benefits beyond the traditional ones. Rather than simply carrying out mundane tasks on behalf of their team members, they can provide them with extra perks that will make their professional lives a bit more fun.

For example, handing out awards for the “employee of the month” or “rookie of the year” can go a long way toward making workers feel valued and appreciated. Additionally, small bonuses like gift certificates and cash bonuses can give employees a financial boost. These benefits don’t have to be expensive or difficult to carry out, and they can make a big difference for employees.

According to Employee Benefits magazine, mental health issues are a major reason for increased attention to reward-based benefits. Debbie Lovewell, deputy editor of the publication, notes that some progressive companies are already making it a point of emphasis to hand out rewards that make employees less stressed.

“But these employers are still in the minority when it comes to tackling stress and mental health issues,” Lovewell stated. “Too often, such issues are still stigmatized. While tackling such issues is not easy, they must not be ignored. HR and reward professionals that stand up and take action can make a significant impact, not only in their own organization, but in the wider industry.”

If companies can do more to reward their employees, they’ll likely be in for a pleasant surprise. The side effects of this decision will be numerous and tangible.

A happier workforce
Employees will have a healthier mindset about showing up to the office each day if they know there’s something in it for them. If workers are aspiring toward winning a monthly award or earning some other special recognition, it will make them more optimistic about their jobs, which will improve overall workplace culture.

Encouraged activism
Companies value hardworking employees because they play active roles in helping business grow. They don’t just want to complete their daily tasks each day – they also want to do more for the long-term improvement of their companies. By providing rewards, businesses can encourage activism among their employees.

Health and wellness
Some of the most common rewards programs are geared toward corporate health and wellness. If companies use rewards to incentivize eating right, exercising and screening for diseases, then workers will take fewer sick days and be more productive because of their strong health.

Long-term career growth
They may not even notice it, but by working toward short-term goals to win rewards, employees may also be developing skills that will help them over the long haul. By learning to become more hardworking and productive, employees are gaining valuable traits that will help them for years to come.

1 comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow @Ceridian on twitter.