How applying small rewards in your business strategy will help you improve your company's productivity

After hiring and training actions, companies need to activate actions that motivate their team to increase your productivity. The rewards app will help you achieve this goal.

A company has different means to activate its rewards, a common method being to Recognizing the value of workers. A personal letter, a trip, an additional responsibility or a salary increase. Which of these options will allow you to increase employee productivity?

Small rewards = more productive company

According to a research titled “The Hidden Power of Small Rewards”, trigger small rewards will help increase team motivation. As the text states: “When the rewards are large enough to trigger a change in behavior, but the motives are too small to justify them, individuals will tend to seek an argument for their efforts that may not necessarily be the right ones.”.

Although it may seem strange, providing rewards such as bonuses or trips could demotivate some employees. The reason is very simple: employees do not see large rewards as an incentive to continue working harder or better, but rather as a reward for a specific achievement and, consequently, they may think that there is no reason to continue working on it since they have already received the benefit. On the contrary, giving small rewards from time to time encourages employees to feel that their work and effort is recognized, so they will be motivated to achieve more rewards in the future.

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This model of small rewards has been widely used in the sector mobile, especially in video games, to keep players interested by receiving points, weapons or special items. In this way, brands manage to create a loyal consumer base that returns on a recurring basis to obtain the benefit offered.

Just like in video games, a reward system in a company will help promote organizational growth, increasing productivity and generating greater commitment.

Benefits of applying a reward system in your office

1. Promotes healthy competition

A competitive environment fosters one of the most natural human attitudes: pride, which drives us to overcome challenges beyond what is established (whether competing with others or ourselves). Small rewards feed the pride of employees who will feel satisfied to have surpassed a certain level.

2. Generate a feeling of conquest

As a result of the above, the worker will feel more motivated and will be more productive if he becomes aware of having managed to overcome a challenge. If you generate a good reward system in your team, you will develop the notion of efficiency. Achieving a certain objective will generate a feeling of achievement, which will consequently add value to the business and to the professional development of the staff to continue doing their job well.

3. Helps measure performance

A participant in this small rewards-based system will not be able to perceive their growth if they do not receive a clear demonstration of their progress through levels, achievements, or other visible actions with which they can interact.

Applying small rewards in your organization establishes a kind of “game system” that will help create an emotional connection between the employee and the company. If marketing and advertising actions are useful to attract consumers to your brand, small rewards will help you retain your workers, make them identify with you and make them more productive.

Tips to increase productivity

1. Frequency with which to activate small rewards

You could give a small reward each month for completing basic tasks such as attendance, punctuality, or meeting goals. The reward could be a gift card or a small gift.

2. Proposal for challenges and rewards

Another tip to increase your employees' productivity is to offer them small challenges for everyday work. For example, finding a solution to an old company problem or finding new goals. Those who solve one of the challenges will receive compensation. The material benefit they get will be small, but the personal benefit will make them identify it as their own achievement applied to the solution of the proposed challenge. As an employee, they will feel part of the company's success.

3. Promotes learning

It is necessary to encourage and stimulate the intellectual and technical development of employees. Otherwise, they may feel stagnant and demotivated. Employees like to feel complicit in the growth of the company and, if the company grows, to grow intellectually with it.

It is not necessary to make a titanic effort to achieve this goal. There are hundreds of free courses, texts and events available. on-line. The company can determine which aspects it is interested in developing in its workers and provide them with this type of incentive. You will be able to make employees feel more valuable, improving the company's productivity.

4. Close deals with nearby companies

It is very common for companies to make agreements with nearby gyms, restaurants or schools for “employee discounts”. This type of partnership is not expensive and while your employees are happy to receive this benefit, the other company will be able to attract and retain more customers.

5. Make the office a more pleasant place

A pleasant and organized atmosphere developed over time will make your employees feel happier. Adding other uses to the office does not have to mean more expense. Encourage them to decorate their desks, allow them to dress more casually some days, organize events that allow all employees to socialize or reserve a small space for relaxation and coffee. Bringing fun to the company does not entail a cost and well-being will translate into greater productivity.