An Employee Recognition Program Changes Everything, Part I
There are many challenges in business; many obstacles that business owners face in not only keeping things up and running smoothly but achieving success. Finances are always something to consider obviously and can make or break operations but so too can a variety of circumstances. Sometimes it is clear what needs to be fixed and even how it can be overcome; but sometimes the road to recovery is more subjective. Employee morale, for instance, can seriously impact business operations but it can be difficult for business owners and management to know how best to approach this dilemma. For us, we found recovery through an employee recognition program.
We are certainly not immune to the current economic conditions and they have seriously impacted our operations but not in the way that you might expect. The tightening of our belts - and the atmosphere of this economic downturn - had taken its toll on our employees and lowered morale was what was ultimately impacting our business. Production was down because employees had lost their fire; they felt like no matter what they did nothing changed and we were not able to compensate them monetarily which was making people even more upset.
We decided to try something that had been suggested to us - an employee incentives program through which we could formally recognize the efforts of our employees by rewarding them with a variety of prize incentives from which they could choose. We didn’t need to be extravagant in choosing these prizes; we could work within our budget and still provide our employees a great selection of prizes. Just making this effort could affect morale and put us in a better place with our employees; something that we desperately needed if we were going to make it through this time. What we didn’t count on was how much an employee recognition program would change everything. More in the next post…
Popularity: 72% [?]