People need to feel appreciated, so your workforce appreciation efforts count – both to motivate and to avoid burnout.
To support your people’s mental and physical well-being and incentivise performance, having the right employee reward and recognition programmes are essential. But in this era of individualised choice, ‘rewards’ means different things to different people at different life junctures.
The ‘wrong’ employee reward programmes – the ones that don’t meet individual needs – are part of the reason employees are burning out. To prevent it, organisations now need to go beyond the traditional contractual rewards of pay and broad-brush benefits plus ad hoc components.
How do you know what rewards your employees need?
Begin by asking them without preconceived ideas.
To personalise workforce rewards, companies have begun using ‘personas’ to identify what matters most to target populations and to operationalise their employee rewards programme for distinct groups.
Innovative rewards programmes effectively address individual’s preferences – enabling them to feel healthy, supported, and energised, personally as well as professionally – while staying within organisational and cost realities. A balance can be achieved with the right reward and recognition strategy.