Working throughout the year, employees can often reach a ‘peak mode’ toward the end of the year. Holidays and possibly bonuses can lead to high motivation. So, it is only understandable that the beginning of a new year can leave employees in ‘low mode.’
With a new year of work facing them, employees may become less motivated and less productive – this is where incentives and employee rewards programs show their value. It’s the time of year for companies to initiate incentive strategies that will light the employee motivation fire.
Paul Spiegelman, founder and CEO of Beryl, told Inc.com, “People want to feel valued.” He suggested, “Have pizza parties for meeting your monthly goals as a company. Do what you think is appropriate for your business environment, but be sure your employees understand that you value you their work."
Recognition is a key strategy used to make employees feel valued, and that recognition doesn’t have to be monetary, at least not all the time. Spiegelman explains that simple rewards, such as a small celebration, are effective strategies. The acknowledgment for an achievement can be toward an individual, a team, or the entire company. Using employee rewards shows the employees that the company leaders value their efforts and achievements.
Along with rewards, employees also want to feel they are a part of the team – moving the company forward. Strategies that will help accomplish employee engagement include allowing employees to participate in and contribute to business decision discussions. To reinforce strong work ethics and/or accomplished goals, the employee may be rewarded with attendance at a managerial or executive meeting.
No matter what your company structure, these are sure-fire strategies for increasing employee motivation and engagement, as well as instilling a sense of value in the employee.