Companies want to appreciate their work to improve the relationship between the company and the workers. And for that, the company uses 2 different methods employee recognition and employee rewards. Both of these methods are different and both have their importance to enhance the relations.
Both methods help the workers to improve their performance and enhance their productivity. And help the organization to perform better. And this increases the motivation of the staff and their trust in the company.
Definition of Employee Reward:
It is a reward that is given to the worker when they reach a specific milestone or achieve enough success in any position. Then the company notices the performance of the worker and gives them some letters, or gifts to encourage the worker. And mostly these rewards are in a solid form like the appreciation letter, some kind of celebration or any lunch, etc.
Definition of Employee Recognition:
As it is defining the concept from its names. That is when a manager, team lead, or supervisor appraises the worker through the mail, online meetings, or physical meetings. And a company notices the work of the employee and appreciates his work in any way of communication. Team leads give credit to the worker for their work in the presentation is known as Employee recognition
What is the Significance of Employee Reward:
It Enhances the motivation:
When an employee is working for your company and giving his 100%. But you did not give some rewards for his work. Then the worker will feel demotivated and maybe he will not perform better next time. And that is why it is important to give him some recognition to increase his motivation to give his best for the company. And that will help in the growth of the company. A worker is the one who puts his all to grow the company. And if he feels demotivated or not appreciated than how will he do his best not possible right? That is why many companies use Employee onboarding video animation. These video helps to show the environment of the company. And their relation with the workers.
Show them their Value:
Giving them appreciation letters for their work shows the value of the employee in the company. And the employee feels good when he sees his value in the company. Showing the value of the worker will help the company to gain its image in the industry. And when the company will be recognized for its way of encouraging the workers. Then the image of the company will improve and people will trust more on the company more. And they will work hard to enter the company.
It helps in improving the productivity:
Encouraging the worker in their work will help them to improve their productivity. And the worker will try his best to give the best output for the company. And that is what every company needs right? So, when the worker feels encouraged so he will work hard to improvise his productivity. And this will also help to reduce the loss of the company.
Difference Between Employee Recognition and Rewards:
The form of recognition and rewards:
Both uses to appreciate the worker. But the form of both is different the rewards are basically in solid form as discussed above. That the form of rewards is usually a physical thing. But the company gives recognition via words or actions. Like telling the worker that he works superbly to meet the deadlines or to provide the work. And on the other hand, the rewards are based on actual products.
The reason for both could be different like if the worker closes a big sale and the company gets a big profit due to his sale. Then the manager or supervisor appraises the worker with the words or in a meeting. And on another side, when an employee reaches a bigger position. Then the company acknowledges the hard work of the worker by giving him some gifts or other products.
Mainly there is no expense is used to recognize the struggles of the employee. As I mentioned many times that the senior applauds his team worker for doing the job on time or perfectly. And in the rewards, the company gifts the worker which is costly.
The vision of time:
Sometimes that company rewards its on workers with a surprises may cost but sometimes they tell their employees corp. So, they can prepare it to itself themselves for that. And on the other side, the recognition is a surprise for the daily worker. Because it usually comes without any cost kind of information.
The system of Appreciation:
The company encourages the work of the individual. Or the team by reaching or helping the organization in getting the required goal. And the company checks the work of the employee and if the worker does the job in less time with more benefits, then the company gives him some rewards. And the company recognizes its employees for their behaviors. Or the way to complete or approaching the work.
The difference of Experience:
A reward is given when the employee goes to a certain position or achieves something. And that means it is given by the most experienced and skilled individuals in the organization. While there is no need for experience for recognition. And the recognition could be some words like ” You did a great job” etc.
The matter of time:
Sometimes the company rewards its workers with a surprise but sometimes they tell their employees. So, logo animation agency they can prepare themselves for that. And on the other side, the recognition is a surprise for the worker. Because it usually comes without any kind of information.
The reward and the recognition help the company to enhance the relationship between the company and its employees. And that is why it is important to treat the workers with special gestures. The company gives rewards to the employee when he touches a certain height or reaches a certain position in the company after the experience. And when the worker gives extraordinary to profit the organization so the company appreciates the work of the worker by applauding him during the meeting.