5 Reasons Recognition Matters… and 1 Powerful Yet Underutilized Lever for Recognition

How to Motivate Employees with Rewards (Not Penalties), Limeade

Recognizing and rewarding your team members' performance can encourage them to stay motivated and maintain a positive outlook in the workplace. In addition to encouraging collaboration, recognition can provide individuals with something to strive for. Considering taking interest in your people's long term skill development as a means to showing recognition. One unique way to provide recognition to a team member is by curating a learning pathway. By having a vested interest in their development for their next role, you're signaling your support of their long-term vision for their career.

The Benefits of Showing Gratitude in the Workplace, Forbes

To keep individuals satisfied, show them how much you value their work. By acknowledging wins with rewards, you ensure they understand how important they are to the overall success of the organization. The process of seeing, hearing and valuing team members' contributions at work can have tremendous impact on their job satisfaction.

10 Ways to Increase Employee Productivity with Rewards and Recognition, Fond

Recognition of successes, whether verbal or in the form of a reward, can increase engagement at work. A team striving to achieve a common goal can harness their time and energy more efficiently to accomplish the goal. And teams who take pride in their work tend to take ownership of their responsibilities and complete them on time.

Rewarding Employees for Performance, Indeed

68% of HR professionals said employee retention was positively impacted by giving rewards². Companies that value their people and demonstrate their appreciation with tangible actions are more likely to attract and ultimately keep people around and engaged.

A way of demonstrating appreciation for your team members is by leveraging tuition reimbursement to help them develop the skills needed to take the next step in their careers. An otherwise passive benefit can be transformed into a life changing career advancement tool for your team's lives and also signals your vested interest in their overall success.

How to Create a Positive Work Environment in 10 Steps, O.C. Tanner

Team members who feel appreciated, motivated and satisfied tend to not only be more productive, but they also tend to have a more positive attitude and outlook. Those feelings are contagious, resulting in an enthusiastic and fulfilled workplace.

An organization's culture is crucial to its success. Engaging team members, ensuring they feel supported, motivated and encouraged can all be boosted with rewards and recognition initiatives.