Recognising the loyalty of employees is still an effective motivational technique, but perhaps your years of service rewards could use an update.
While the world of employee recognition is a dynamic and ever-evolving space, there are some things that never change. When it comes to choosing what to reward in the workplace, the classic years-of-service reward is still an important and effective motivational tool.
With that said, this type of programme has been around for so long that it may be in need of a shake up. In fact, research carried out by Bersin & Associates found that while three out of four companies surveyed had a service or tenure recognition scheme in place, only 58 per cent of people employed by those companies were aware of it.
A truly effective incentive scheme is one which engages and motivates employees to perform at their best, but if they aren't even aware of the programme, how can you expect them to step up their game?
Updating your recognition programme
One of the biggest problems with conventional years-of-service incentive programmes may lie in their relevance for modern workplaces. While the nature of the global workforce is constantly evolving, for many businesses the traditional employee rewards and recognition platform may have become stagnant.
With the development of technology giving rise to new ways of working, the old stand-by of presenting long-serving employees with a gold watch upon retirement just isn't going to cut it any more. There is still a prominent place for long service awards, they simply need to be adapted for the world of today.
Recognising long service is about maintaining a meaningful connection with your employees.
Recognising people's specific results and behaviours, not just from the top-down but also between peers, are just two examples from Forbes of how you can make your programme work better. Make celebrating achievement, no matter the size, a regular feature of the workplace.
How can Power2Motivate help?
No matter the size of your organisation, keeping track of important dates such as staff anniversaries can be a challenge. Recognising long service is about maintaining a meaningful connection with your employees, not spending time in administration.
Power2Motivate's years of service rewards programme makes it easy to stay on top of all the details, with reminders for managers about upcoming dates, customised certificates and tailored points and reward offerings.
Talk to us today, and show appreciation to your most loyal employees with attractive, exciting and modern service rewards.