Nobody works for nothing. That is to say, people work because there’s something in it for them. Financial remuneration, prestige, recognition, pride, a sense of doing the right thing. The preferred rewards for a job well done vary from person to person. But the need to get something for one’s hard work is universal.
Great leaders know all about this. They realize that they cannot simply expect their employees to do their best work, day after day, year after year, without some sort of meaningful acknowledgement. They understand that to get the most from their people, they’ve got to recognize their accomplishments in ways that have an impact, that serve to reinforce hard work and encourage continued creativity and innovation.
Here are a few effective ways to reward employee excellence:
• Show them the money. That is, remunerate your high achievers in accordance to their worth. What value does an employee bring to the company? How do his efforts impact the performance of his team or department? What’s the impact on the bottom line? Think about output, not input. Compensation (such as bonuses) based upon results achieved, rather than tasks performed, is both a powerful motivator and an effective reinforcement.
• Offer sincere thanks. A well-deserved pat on the back, a written letter of commendation, some private (or public) words of appreciation and recognition can be extremely effective.
• Provide meaningful perks. Offer some extra flexibility to work from home where feasible. Give your high achievers the afternoon off from time to time. Send them on a golf outing or to a show. Take them out to lunch at the restaurant of their choosing. The possibilities here are nearly endless.
• Help them keep up the momentum. A motivated employee will relish the opportunity to work on a challenging, new project. Success breeds success. Give your outstanding employees a say in where their talents will be used next. Encourage them to keep on growing.
• Develop them. Mentoring, coaching, and advanced training need not be viewed merely as a means of remediating poor or deteriorating performance. Invest your developmental time and dollars in your top performers. That’s the way to raise the bar, accelerate the growth of your strongest performers, and drive your organization to greater heights of success.
There are innumerable ways to recognize the efforts and accomplishments of your employees. If you’re not sure what approach to take with a given employee, remember this: You can always ask! What better way to engage her in the process, demonstrate your respect, and provide her with a meaningful and impactful reward for outstanding performance?
To learn more about this author, visit Liz Bywater's Website.
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Liz Bywater
(Visit Liz's Website)
Liz Bywater, PhD, is president of Bywater
Consulting Group, LLC, an organizational
consulting firm in the Philadelphia area.
Dr. Bywater helps her clients dramatically
improve individual, group, and
organizational performance... resulting in
enhanced job satisfaction, maximized
productivity, and heightened profitability
for the organization.
Dr. Bywater is a specialist in human
behavior and behavioral change. She
brings her sophisticated understanding of
people, relationships, and communication
to the corporate environment to help her
clients effect meaningful and lasting
improvements in job effectiveness. Dr.
Bywater writes and speaks on a variety of
workplace topics, including the power of
collaboration, effective workplace
communication, and outstanding leadership.
She has been published and quoted in such
publications as the NY Times and the
International Herald Tribune.
Dr. Bywater earned her PhD at the Derner
Institute of Advanced Psychological
Studies. She earned her AB at Cornell
University, where she graduated Phi Beta
Kappa and Cum Laude with Distinction.
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