Recognising and rewarding staff

Recognising and rewarding staff

Acknowledging and rewarding the efforts of your staff can go a long way in ensuring employees are engaged and fulfilled within their role.

Recognition acts as a tool to reinforce desired behaviours and helps to create an environment where staff feel appreciated for their accomplishments. Rewarding staff does not necessarily need to be costly or a financial reward; often non-financial rewards can have a stronger impact.

Developing a reward system for both performance and behaviour is a great way to acknowledge employees and encourage them to work towards the business’ goals. Here are a few ways to recognise the contributions of your staff:

  • Acknowledge the efforts of a staff member at a staff meeting.
  • Post recognition notices on a section of your website.
  • Send a personal email or card expressing your appreciation.
  • Provide a small token of appreciation, such as a gift card to a coffee shop or a movie pass.
  • Stop by the staff member’s desk to convey your appreciation.

If you believe the matters discussed above are relevant to your business, please contact Darren Smith of our office to discuss further.

Darren is a Chartered Accountant with extensive experience, including working in the big 4 and medium sized firms before becoming a partner of a city based firm in 2000.

He has gained much experience and has extensive knowledge in providing business and taxation advice, superannuation planning, negotiation of sales and acquisitions of businesses and property development. His client base covers a wide range of industry groups.

Darren works with business owners to grow their businesses and create personal wealth within and outside of their business.

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