Everyone knows that recognizing and rewarding employees is smart business. Showing appreciation boosts morale, increases engagement, and impacts both job performance and employee turnover:
- A well-designed recognition and rewards program can drive an 11.1% increase in average employee performance. (Gartner)
- 44% of employees switch jobs because of not getting adequate recognition for their efforts. (Achievers)
Plus, it’s simply the right thing to do!
But while it would be nice to give every employee a $10,000 bonus as a token of appreciation for their hard work, it’s just not practical for most businesses.
It’s been a tough year – for you and your employees. But even if your budget is tight, you still have lots of options for demonstrating employee appreciation. Here are a few effective – and cost-effective – ways to give back to your staff during the holiday season:
Say “thank you.”
It’s simple, free, and extremely powerful. In fact, a study by Deloitte shows that 85% of professionals value a simple “thank you” as a way for employers to show their appreciation. Set a great example in your organization by thanking employees publicly and privately, for things large and small.
Make recognition part of every team meeting.
Announce employees’ achievements at weekly or monthly company meetings, expressing remarks of congratulations and appreciation. Then, open the floor to your team and ask them to recognize peers who have done something spectacular.
Create a digital space for showing thanks.
Your virtual work and collaboration platforms are a perfect vehicle for giving thanks. For example, if you use Slack, add a gratitude channel to express your thanks for employees’ efforts and a recognition channel to celebrate both individual and team successes.
Celebrate employees’ efforts on social media.
When a team member does something special, snap a photo and create a social post that recognizes their good deed or achievement (be sure to get the employee’s permission, of course).
Surprise employees with small, unexpected gifts.
When it comes to giving thanks, the phrase “little things mean a lot” definitely applies. You don’t need to bestow every employee with a gold Rolex to show you care; small gestures – $10 gift cards, movie tickets, a paid hour off – are huge morale boosters, especially when they’re spontaneous.
Show your deserving employees the door (for a day!)
Time away from work is a powerful reward, especially for those who work long hours and do a great job. So, reward your best employees with an extra day (or half-day) off. Encourage employees to take their PTO. Build flexibility into their schedules when you can.
And if you need staff coverage, PrideStaff is here to help.
Whether it’s a single temporary employee to cover a shift, or a comprehensive workforce solution to manage seasonal demand, the staffing support we provide shows employees that you respect their needs, value their contributions, and are thankful for all they do for you.
Give your local PrideStaff office a call to learn how we can help.