Driving Happiness | How A Robust Reward System Boosts Productivity

Your workers are the biggest asset to your organization. As an employer, it is imperative for you to undertake different measures to enhance the productivity of all your employees, whether they are handling blue-collar profiles or white collar profiles. In a report published recently, it was revealed that an average worker is productive only for 37% of the entire workday, i.e., approximately 3 hours in an 8-hour working day. This is probably the only way in which you can stay relevant in the highly competitive markets in the present times.

As per a research report published recently, more than 76% of employees work harder if their efforts are better recognized. While there are various ways in which you can recognize the efforts of your blue-collar workers, but one of the most effective measures is offering them rewards for their performance. Having a robust rewards system in place acts as a big motivator for your team members and encourages them to push their limits to achieve the given targets.

Building A Successful Reward System For Blue-Collar Employees

If you are still unsure about the efficacy of a robust rewards system for your business, then here are some aspects which you ought to have a look into: –

Positive motivation

While the efficiency of negative motivation has always been doubted, but the benefits of positive motivation is a well established concept. When you create a robust rewards system that is in direct sync with the efforts put in by the workers, you are creating a positive reinforcement in their mind. The workers are driven to put in their best efforts to achieve the given targets as they will not only be monetarily rewarded for the same but will also be recognized for their performance. In order to keep the motivation level of all the employees high, revise the rewards program periodically.

Better Retention Rates

There is no doubt about the fact that the biggest reason behind workers switching jobs is the perceived monetary benefit. If you have a robust rewards system in place, your employees are less likely to switch to another company, as they will be more likely to earn significant rewards while working with you. This is, in most cases, will be higher than the incremental salary they will be receiving. Thus, you will finally be able to control that attrition rate effectively. When workers are working in the same organization for a longer period and handling the same job profile, they are more likely to perform to their true potential and produce better quality products.

Job Satisfaction

When employees handling white-collared profiles reach a certain position in the organization, they are driven more by the recognition they receive instead of the income they are earning. But for workers engaged in blue-collored jobs, monetary rewards work the best. By creating a robust rewards program that is in sync with the aspiration of your employees, you ensure that they achieve better job satisfaction. This will not only desist from switching jobs but will also motivate them to work harder to achieve that those benefits which they dearly desire.

Team Culture

Most projects fail due to lack of coordination between different team members, more so when the team members hail from different cultural backgrounds. You need a unifying force that will act as a motivational factor for them and encourage them to channelize their energies in the proper direction. A robust rewards system performs exactly this function. When the floor workers in a manufacturing unit realize that by setting aside their differences and working together towards achieving common goals, they can earn significant rewards and recognition, they are more likely to conform to the team culture and in turn produce better quality products.

Loyalty

This is one of the rarest traits in workers at present times. Employee loyalties shift extremely quickly and are related to monetary benefits and future prospects they have in the organisation. In order to encourage loyalty amongst your workers, a rewards program can come in extremely handy. When workers are rewarded monetarily and also recognized for their performance, it will inculcate loyalty towards the organization, and they are likely to work harder for the progress of the enterprise.

The benefits offered by a robust rewards program are definitely noteworthy and should, therefore, be considered seriously by you. Though, while creating a rewards program, it is important that you keep the aspirations and desires of your employees in mind. By curating a suitable rewards program for your organization, you are more likely to achieve your long-term goals in a meaningful manner.

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