Employee Rewards and Recognition

Employee recognition is important for both the effects that it can have on individual employees but also an organisation as a whole. For individual employees, being recognised can help to boost their morale, enhance their feeling of job satisfaction, and keep them motivated it the workplace. On an organisational level, employee recognition programs have been shown to help increase productivity, create a positive workplace environment and company culture, and contribute to company loyalty and employee trust

Employee rewards are extremely important for fostering a positive workplace culture, driving performance, and ensuring long-term organisational success. Employee reward schemes like Vivup highfive provide tangible incentives for employee excellence, acknowledge employee value, and encourage workplace efficiency

Employees tend to desire recognition that is meaningful, personalised, and aligned to the values of the company they belong to. The type of recognition that resonates the most often varies from person-to-person, but can be broken down into several different categories, including: 

• Informal recognition
• Formal recognition (like employee awards)
• Social recognition, such as peer-to-peer recognition rewards
• Monetary recognition
• Milestone recognition
• Structured recognition
• Team recognition

It’s a good idea to use a mix of these employee rewards to ensure that all employees feel valued and appreciated in ways that resonate with them individually