People need to feel appreciated, so your workforce appreciation efforts count – both to motivate and to avoid burnout.
To support your people’s mental and physical well-being and incentivize performance, having the right employee reward and recognition programs are essential. But in this era of individualized choice, ‘rewards’ means different things to different people at different life junctures.
The ‘wrong’ employee reward programs – the ones that don’t meet individual needs – are part of the reason employees are burning out. To prevent it, organizations now need to go beyond the traditional contractual rewards of pay and broad-brush benefits plus ad hoc components.
How do you know what rewards your employees need?
Begin by asking them without preconceived ideas.
To personalize workforce rewards, companies have begun using ‘personas’ to identify what matters most to target populations and to operationalize their employee rewards program for distinct groups.
Innovative rewards programs effectively address individual’s preferences – enabling them to feel healthy, supported, and energized, personally as well as professionally – while staying within organizational and cost realities. A balance can be achieved with the right reward and recognition strategy.