Good Employees

How Frequently are Good Employees Promoted or

Given Raises?

 It is very important as a business owner and manager to reward the people that help you succeed.  Employees that receive promotions, benefits, or even raises for good work will continue to be productive.  These employees will also provide an example to the rest of the workforce that management is committed to the success of employees that are committed to the business. 

 The benefits that good employees receive need not be through promotions or raises.  In many circumstances it would be entirely appropriate for management to provide certain perks to employees who have contributed heavily to the success of a project, have show commitment to the company, or improved their performance during a certain time period.  Perks that you might consider providing to your employees may be movie tickets, tickets to a show or sporting event, gift certificates, or spa packages. 

Depending on your employees it might be beneficial to create in-house competitions for sales, attendance, or other metric that will reward the most successful employee for whatever the competition may be.  If your company is organized into teams or different locations it might be possible to use perks and rewards to promote friendly competition between the different groups.  This is beneficial so long as the competition remains friendly and the environment is positive.  If you are going to use this type of reward for employees it makes good sense to keep a written record of the reward, the tasks to be completed, and the calculations for obtaining the reward. These perk based rewards for good employees are relatively inexpensive while still providing your employees with the recognition and rewards they deserve. 

 Promoting good employees to more responsibility and more compensation is another great way to reward your top performers.  As you hand out promotions make sure to let the other employees know your reasons for promotion the individual and that there are other opportunities for growth within your company.  It is important to let all of your employees know what you are looking for when the time comes to promote someone.  Promotions and raises shouldn’t necessarily be provided to the employees with the longest tenure.  Awkward moments may arise during the promotion of good employees but deep down most employees know whether or not they deserve a raise or promotion.  This is especially true if a good employee with less tenure is rewarded over a long-time but possibly less productive worker. 

 Good communication from the start combined with keeping records of each employees’ successes, failures, rewards, and reprimands will help you in determining who to promote and when.  It will also provide you with backup in case an unruly employee disagrees with your decision.  

Filed Under Human Resources | Leave a Comment  | March 15th, 2010

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