A solid workforce is the backbone to any employer’s profitability, reputation and future. As competition for top talent becomes increasingly fierce, employee retention can become increasingly difficult. These tips from O.C. Tanner, a company that designs and helps implement global employee rewards and recognition solutions, were featured in a recent EmployeeBenefitAdviser.com Slideshow. It details some simple steps employers can take to show workers the kind of appreciation they want to see.
- Peer recognition
Support and recognition from colleagues and friends can be just as important as what comes from the boss. Employers should create a culture of open communication and peer-to-peer recognition.
- Team appreciation
It’s rare that something was done entirely by an individual. Celebrate the team’s accomplishment, perhaps with lunch or brunch.
When it comes to recognizing the power players, companies might want to look at spa getaways or family weekend trips as an option. They are increasingly becoming a popular top recognition method.
- Social badges
A number of social tools available that employers are using to promote eCards and eButtons that spread enthusiasm and create a strong culture of trust.
- Wall of Recognition
Recognition walls are growing in popularity. It is a way for employees to display their appreciation for co-workers which in turn motivates more future appreciation moments.
- Gift list
Show employees you care by coordinating employee wish lists of things they want and would inspire them to work harder.
- Instant feedback
One thing a lot of employers miss is the opportunity to give instant feedback.On-the-spot recognition gives employees that extra boost of confidence.
- Appreciation events
Holiday parties, cookouts, social gatherings, game night, etc., are key ways to communicate appreciation. Plan celebrations throughout the year to keep appreciation consistent.
- Time off
Following completion of a major project or event, a bit of extra time off can be really appreciated.
- Career celebrations
Employees want to be recognized for their loyalty and hard work so much that they stay an average of two years longer at an organization that has annual service awards. Celebrating service anniversaries with a party or at a meeting can go a long way in promoting retention.