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Recognising Good Performance

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Communicating reward to build a performance culture. Moving away from the old-school entitlement culture, times (and circumstance) are changing and we’re seeing a new dawn in employee reward. The past few years have seen a huge increase in the amount of companies aspiring to a new form of reward, performance culture; something many companies more proactively sought after the financial events of 2008.

Performance isn’t just based on financials; the turnover and profit, it also focuses on employee behaviour and just how the financial results are achieved. As an employer ask yourself, are your employees displaying the right behaviours? And are these behaviours in line with company values? When organisations change the boundaries and expectations of employee benefits, communication is key. Lloyds Banking Group are one of the more recent organisations to consider a move away from annual bonuses and instead start to build a longer-term performance culture.

Understanding Why Employee Recognition Is Important. Appreciation is a basic human need. Taking the time to understand this basic psychological principle, and applying it, can have several beneficial effects for a business. All workers in a business look for appreciation through the work they do, whether it is individually, or a part of a team. Before looking at what ways a business can benefit from properly giving their employees recognition for their work, let’s take a look at how to actually give the appreciation correctly in the first place. Giving Employee Recognition As a manager, giving out spontaneous recognition to staff is a great way to start. Thanking the person by name, at the start and end of a conversation really gets across your satisfaction relating to their work. Business Benefits Giving out appropriate appreciation will have benefits for the business as a whole. Increase in productivity – reinforcing the desired level of work will inspire repetitive behaviour in the recipient.

Benefits Of A Great Business Environment. Leveraging The Power of Gratification At Workplace - Young HR Manager. Paying attention to staff pays off - Employment. Engaging with employees protects a company's most important asset. With industry pundits hinting the job market will heat up across the board this year, employers need to seriously consider the levels of employee engagement they have - to increase staff loyalty.

Janet Tuck of the Career Clinic says there are plenty of people looking to change jobs, a trend that's particularly apparent among those who have stayed put for longer than they'd like while riding out the economic downturn. "If employers want to keep their high performing staff then they need to pay attention to how they are feeling in their work, and whether they are loyal to the firm," Tuck says. "They are likely to lose them if they don't pay attention, this is the main reason firms need to increase engagement and develop increased loyalty. " Building loyalty is a two-way process though, Tuck says, with give and take expected by both parties.

Truth is, Tuck says, staff leave bosses, not companies. Five ways to increase loyalty 1. Six Steps Toward an Employee Recognition Program. As supervisors are faced with the ebb and flow of production needs, companies must go beyond the simple mechanical acknowledgement of birthdays, years of service, and end of careers. Indeed, to yield greater productivity, improve delivery times, increase retention, reduce absenteeism and have more committed employees, every manufacturer will need to embrace a culture of genuine, consistent, and repeated employee recognition. Below are early steps to begin the process and demonstrate the value company-wide.

Lead by Example Don't wait on a company-wide mandate -- begin in your own department, assembly line crew or warehouse workforce. Start saying "thank you", "I appreciate it," and "great job! " -- the power of these words will amaze you. Track It Day-to-day recognition often proves to have tangible and measurable results.

Employee Morale One of the benefits of employee recognition is employee empowerment. Manufacturing environments need an engaged workforce to grow and thrive.