A study says that 68% of employees do not receive any kind of recognition. 58% of employees believe that leaders can drive more engagement with employee recognition. Half of the employees believe that being thanked by their managers not only improves the relationship between them but also builds trust. Being thanked means that our efforts are noticeable, and that motivates us to keep the good work. You can find more information on https://simplynoted.com, so you can start working on a local reward system at your business based on handwritten letters.
There are several options for employee recognition programs. But you can not choose just any program and implement it in your organization. It is important to prioritize what your employees will prefer other than giving them crystal trophies. When you appreciate your employees, it will be best if you appreciate them the way they want to be appreciated or rewarded.
What Rewarding Your Employees Is Important?
It is now proven that employee recognition and rewards have the potential to enhance team efforts, improve organizational values, motivate certain behaviors among the members of staff, and also increase customer satisfaction.
Rewarding or appreciating your employees will not only be a way of paying them back for their good work but also work as a motivational force. This will encourage them to generate more good and quality work. This is an effective way of increasing the productivity of your employees.
How Tech Companies Should Reward Their Employees In 2021
When we are talking about rewarding the employees of the tech companies, we can not consider the traditional or general ways that we can implement in any other organization. To be honest, if a technical person thinks of more money, they can get it wherever they will go. Just because of their skills and the increasing demand for technology, they have plenty of options to earn more.
So, for employees of the tech company, it is not always about the money only. They really want to get their rewards and appreciation in some other forms. Here are some different types of rewards that you can consider for tour tech junkies.
1. Intrinsic Reward
Tech professionals always prefer Intrinsic rewards rather than extrinsic rewards. This involves opportunities to experiment, innovate, improvise, and solve high-level problems, which always gives them satisfaction.
For example, if your employee has developed an app, it will be a rewarding decision if you allow the same person to pitch it to the clients. This will also be beneficial for your organization, as nobody will understand the product.
2. Alignment With The Vision Of The Company
Often tech persons of an organization are kept away from the vision of the company, the longer plans of the organization, and some decision-making processes. But when you will let them know your vision and describe their role in this organization for a long time, they will get an extra force of energy.
This will make them believe that your organization has longer plans with them. You are prioritizing their effort that they are putting into your company’s growth. They are also required to be provided a sense of direction and entitlement in the workspace.
3. Flexibility Along With Creative Space
This is one of the most underrated points in rewarding your employees. Research shows that tech professionals are willing to work with lesser pay, provided with flexibility and leverages such as extended vacations and working from home.
Techies generally have a creative bend of mind, and they are always comfortable working with flexible timings. They will be ready to spend a whole night at the office when they are working on the next big project. So, an additional day off or allowing them to work from home at their convenience will definitely be a way of rewarding them.
Technical professionals have different needs than other professionals. So, it will be best if you equip them with those things as this job requires a lot of skills. You also can offer them the opportunity of learning. As an appreciation form, you can give them educational opportunities. Make sure whatever you are doing, you are making them happier and more productive.