Ask any business coach, or any dynamic CEO, and they will advise a relentless forward focus on the future. But sometimes, it’s good to take a pause and look back. December is the ideal time for just that.
It’s the end of the calendar year, and your team are likely anticipating taking a short breather from the hectic pace of 2019. Now’s the time to review the year that was and show your appreciation for everyone’s hard work.
Many companies take this time for informal holiday celebrations: lunches, parties, gift exchanges and year-in-review sessions. These moments, when you have the attention and focus of your team are ideal opportunities to:
Personally thank each employee for their contributions
Spotlight specific teams, departments, or projects
Recap significant successes from the past year
Positively address any challenges or setbacks and discuss how they will be alleviated in 2020
Build enthusiasm with a short review of your vision for the next year
Remind everyone about the many benefits of the company rewards program.
The strategy fueling the best employee engagement programs is to motivate behaviors and performance that propel success. With awards, points, levels and rewards, you’re creating incentives for your team to go above and beyond, focus on continual improvement, and build a supportive culture. At this time of the year, your program can also be used to celebrate these accomplishments. Here are two great ways to do that:
Bonus Points: some companies offer cash bonuses as an end-of-year gift. While it’s often considered that ‘cash is king’ when it comes to incentives, research shows that a cash award is quickly forgotten. It can have less lasting emotional impact than an actual gift, as it is often used for debt repayment or daily spending. Awarding bonus points is a better solution. It gives the recipient all the power to choose a personally meaningful item from a vast rewards catalog, plus results in a visible, tangible object when redeemed.
Gift Cards: what do you give the person that has everything? The freedom to choose their own treats! Gift cards offer the ultimate flexibility, while still being a tangible gift. They can be redeemed at thousands of local retailers, for online shopping, or even used for mobile phone top-up.
With Power2Motivate, you can build a program that’s tailored to match your company size and culture, and directly link positive behavior and achievement to tangible, attractive rewards. Contact us today to find out how we can help keep your team members focused and motivated. We can set up a demo of our highly configurable engagement platform, so you can see for yourself just how impactful it can be