With yesterday being Labor Day, reward and recognition programs seem a fitting topic of discussion. As this blog has reported, employers are having difficulty filling open positions despite millions of unemployed workers seeking job opportunities – in large part due to a lack of individuals trained in high-demand skill sets.
This means that it is more important than ever for companies to get the most out of the workforce they have in place. Online survey software is the perfect tool for the job. By gathering feedback from employees, effective recognition and reward programs can be launched, which help gain insight into employee performance.
These programs are used to motivate team members and give them the drive needed to achieve both personal and company goals. So what really motivates them? What type of professional development are they looking for? And perhaps most important, what do they see as appropriate or desirable rewards?
Answering these questions through online survey software will enable businesses to design and implement a system of rewards and recognition – one that speaks to the needs of the employees and brings everyone closer to overall company goals. In so doing, it is important to clearly define rewards for achieving different types of goals.
"Perfect attendance might merit a different reward than saving the company $10,000 through improved contract negotiation," according to business and technology blog Inc. "It is also important to consider rewarding both individual and group accomplishments in order to promote both individual initiative and group cooperation and performance."
To be effective, and retain key talent, small and midsize businesses must understand what drives individuals to perform better in certain environments. Otherwise, valued employees may pursue opportunities at rival companies, leaving a hole that is difficult to fill in light of today's skills gap.
No related posts.