For each manager/leader, the how to reward employees is considered a very important matter. A worthy reward, a smart way to reward employees will stimulate employees to work effectively and create the reputation of the business / company with employees.
Why should there be a bonus for employees?
Besides the question how to reward employees , many leaders also question, why is there a need to have a reward policy for employees. In fact, besides the basic salary category, there should also be a bonus category for employees. It can be Tet bonus, birthday, Tet bonus, bonus according to project KPI... The setting of this bonus level plays a very important role, it is considered a part of motivation, helping employees work harder. .
Imagine, if employees work productively, exceed the set targets, but the enterprise does not have a suitable bonus scheme, the employees will feel that all their efforts are wasted. broke. From that, inadvertently form a nonchalant working style, regardless, because they have the idea that they can't do anything, so do as you like.
Bonus is one of the factors that motivate employees to work effectively
Besides, during Tet holidays, important holidays, on the occasion of birthdays, when employees are not given gifts or have rewards, it is really a shortcoming. This shows that the business is not interested in employees. From there, employees will feel like they are redundant, not respected and their departure is understandable.
How should employees be rewarded?
There is no denying that rewarding employees plays a very important role, but it is only really effective when it is done according to the right standards. Therefore, managers also need to know how to reward employees. Specifically as follows:
Rewards worthy of ability
Bonus is considered an extra in addition to the base salary, so the recipient must truly deserve it. Specifically, if the employee successfully completes the assigned work, continuously exceeds the set requirements, it is completely understandable to reward the employee. This is a reward for employees' hard work and contributions.
>> Let's find out: Does salary really matter?
>> Employees keep leaving - sign of corporate culture problems?
Conversely, all rewards will not be given to employees who do not meet the set work requirements, often have unprofessional working attitudes and cooperation. If the company applies a common bonus for excellent employees and average employees, it will certainly make many employees feel dissatisfied.
The reward should be commensurate with the employee's contribution
Why not the 13th month bonus?
Continued Answer to Question how to reward employees that is, think of the 13th month salary bonus. As a rule, the 13th month salary is also classified as a periodic bonus and clearly stated in the labor contract.
In terms of promoting labor productivity, the 13th month salary is not the most effective tool. However, it is a measure to help employees stick around and decide whether to stay at the business/company anymore. Because, if from the very beginning, employees know that they will receive a 13th month salary, they will definitely try to stick with it until the end of the year.
Should maintain regularly
In business, employee rewards should be maintained regularly, even if the salary is small. In fact, there are businesses/companies that will choose the compound bonus once a year, but this bonus method is considered ineffective. Because, in the process of working, employees always need an equal bonus to feel that they are valued and cared for.
That's why businesses need to pay attention to the appropriate allocation of bonuses according to their financial situation. The rewards are small, but they will motivate employees to work enthusiastically and make more efforts to contribute. Particularly, the year-end bonus is always larger than the monthly and quarterly rewards, but it is also important to pay attention to the appropriateness.
The reward may be small but should be maintained regularly
Approval of bonus rules
When it comes to how should employees reward, managers need to master the passability when applying bonus rules. The salary and bonus need to be transparent, because it is related to financial issues. An employee who works effectively, has a lot of contributions will definitely receive a worthy bonus and vice versa.
And the adoption of bonus regulation should only apply within the framework of managers together. It would be ridiculous if the leader went through with the employees about the bonus and asked what their thoughts were.
Through this post Acabiz share, surely the managers have the correct answer to the question how should employees reward. The application of a rewarding reward system will motivate employees to work more effectively.
