Do better than a cash transaction with your next employee recogition gesture.
Finding ideas for a personalised and memorable gift for employee recognition and rewards can be hard. However, we think the wristwatch is a classic momento to recognise a career milestone, an employee service award gift that can be treasured for years to come. Belinda Ramanauskas, author of this great article from 212F says,
Any employee service award needs to go beyond a mere cash transaction to the Halo Effect, which is the purpose of a good employee recognition and rewards programme. You want to build that deep sense of belonging and goodwill towards the company, and this can be achieved through personalised employee recognition and rewards.
Cash rewards:
Have limited "trophy value" and emotional connection to the memory of the reward
Aren't usually shared with peers or discussed
Are spent on everday expenses that are far from memorable, and if anything detract from the emotional value of the reward
You might argue that giving cash to employees as a reward helps satisfy a diverse audience, but an extensive recognition and rewards catalogue does the same thing while adding personalisation and meaning that makes the reward truly inspiring and engaging.
Being able to choose a gift, receive it with congratulations from your manager, and unbox it, all adds to a social, celebratory recognition experience that is unforgettable. We agree with 212F, that
To finish, here are 212F's three tips to ensure the success of a recognition and rewards program:
Use non-cash rewards that are motivating and memorable
Build anticipation with storytelling about the recognition and rewards programme
Create celebratory experiences around employee recognition and rewards
*Ideas shared with permission from 212F, read the full article here.
Get in touch - we can help you tailor an affordable Australian-made recognition and rewards solution. Join our clients from LinkedIn's Top 25 Places to Work in increasing employee engagement and offering employee service awards with H.W. Holdsworth.