According to a recent study, the answer is yes, but many times half the reward comes in the actual process of the positive experience rather than the outcome. A strong strategy to winning over those hardworking employees combines sentiment and choice.
There is no doubt that employee recognition has a big impact on employee morale and psychological well-being - especially when it is sincere, meaningful and combined with a tangible reward. According to a new research study from Staples Advantage, seventy five percent of employees surveyed said receiving holiday gifts from their employers improved their morale, while 60 percent said it made them like their companies more. Thirty-four percent said it improved their productivity.
This holiday take the opportunity to bring together your team and invite senior staff to recognize each employee’s contributions over the past year and thank them for their dedication and work. There are many ways to show appreciation – tickets to a show or movie, dinner out (or in), and gift cards can be a meaningful way which gives them the power to create a memory. Sodexo’s multi-retail reward cards, such as the Memorable Moments and Dining Esteem Pass, allow employees to choose what to do with their family or how to treat themselves to something special…
They might want to wear the ‘coolest’ fashions this winter from leading department stores, or re-decorate with the inspiration from nationwide home & décor retailers. They may just want to take it easy and be pampered at the spa or enjoy a new look at the salon before family comes to town.
While you may be surprised at what a little gesture like this can do your and employee’s psychological health and well-being, the appeal of giving a reward such as an Esteem Pass is that as the employee chooses, they will remember what you did for them and the work they contributed to achieve it.