In the midst of this economic downturn, I find myself wondering how employees are faring these days. Just how badly are employees being affected by business cutbacks? Are employees still getting rewarded for jobs well done? It makes me wonder just how far the horrible state of the economy reaches and who’s feeling the effects. Afterall, the quality of your employee’s work shouldn’t have changed but are they still receiving recognition when they go above and beyond?
I think rewarding employees is a great motivational tool. Even though your business may currently be suffering some setbacks, you want your employees to remain inspired and eager to push your business ahead. As Tim Berry suggests in his recent U.S. News & World Report article, “give a specific individual award or bonus quickly, right then. Don’t wait.” I can definitely agree with Tim that employees respond better when rewarded quickly for their efforts. Will you be rewarding your employees this year? If so, what is your reward procedure for a job well done?