Numerous studies by behavioral scientists have suggested that money may not be the top motivator for employees. Other motivators - such as feeling fully appreciated for the contribution they make - may go further than cold, hard cash. Unfortunately, well meaning bosses often find themselves spending way too much time dealing with poor performers and having little time to focus on recognizing and rewarding the great ones.
This isn’t about just throwing more money at employees. Rewards and incentives can be inexpensive, non-taxable, and even free! The best rewards are the ones that create a residual value – that’s why people all over the world display trophies and pictures. When an employer creates a reward or recognition that has a great memory attached to it, it is much more effective at motivating continued behavior than a cash reward alone. Unfortunately, in this economy, bonus money is often just used by employees to pay off debts, leaving no residual or trophy value.
Open Door HR Solutions provides consultation and training on the development and implementation of recognition and reward programs. Such programs allow employers to focus on their great employees, providing a much-needed positive tool for management. We utilize a variety of methods to fully appreciate great employees – all geared to let great employees know that they have a crucial place in the big picture.