3 Reasons Why Your Business Needs An Employee Of The Month Scheme
by Zoe Zorka
Keeping your team motivated and making sure that every single employee is productive is one of your hardest jobs as a business owner. It’s up to you to ensure that everybody is happy in the workplace and they have everything that they need to work efficiently. Creating the right culture around the office is very important, but the best thing you can do is reward your employees and let them know that you appreciate their hard work. Paying a good salary and offering benefits is a great way to do that, but have you also thought about an employee of the month scheme? A lot of business owners don’t bother with employee of the month, but you should definitely think about it because it can help to improve your business in a lot of different ways. These are just some of the reasons that you should start an employee of the month scheme in your business.
Healthy Competition
A bit of healthy competition is a great way to boost productivity around the office. When people are pitted against one another, they will strive to be the best. But it can create a toxic environment if you don’t create competition in the right way, which is why an employee of the month scheme is so good. It’s a fun, light hearted way to generate a bit of competition but it isn’t going to cause any bad blood amongst the team. In fact, it’s a great way to improve overall team productivity and encourage team bonding, which is very important if you want your employees to work well together.
Employee Engagement
Employee engagement is so important if you want to boost productivity. If people feel that they are a valued part of the company and their work matters, they will be a lot more engaged and they will be more inclined to work hard. If you spend a bit of money on nice awards (like the ones at Edco.com), your employees will display them proudly in the office. Every time they look at it, it is a reminder of their place in the company and the contribution that they make to the overall success of the business, and that will help them to feel a lot more engaged.
Employee Retention
Employee turnover is a big concern for all business because if you are constantly losing team members, productivity will take a hit and you will be spending a lot of money hiring and training new people all the time. That’s why it’s important that you focus on employee retention and make sure that people stay with the company. There are a lot of different factors that affect employee turnover like the company culture, the salary, and opportunities for advancement. But one of the most important things is making sure that employees feel valued and have their hard work recognized. Offering an employee of the month award is a great way to thank people for their hard work and improve employee retention.
It’s not difficult to set up an employee of the month scheme but it will benefit your business in a lot of ways and you will see a big increase in productivity across the board.