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Glossary of Human Resources Management and Employee Benefit Terms
Spot awards, also known as on-the-spot awards or instant recognition, are a type of reward given to employees for their exceptional performance, achievements, or contributions in the workplace. Unlike traditional recognition programs or annual awards, spot awards are typically spontaneous and immediate, allowing organizations to acknowledge and appreciate outstanding efforts in real-time.
These rewards can take various forms, such as cash bonuses, gift cards, certificates, or small tangible items, and are often given publicly to celebrate and motivate employees.
While specific criteria may vary, common factors considered include:
Best practices for implementing a successful spot award program:
Spot awards are immediate and informal recognitions for outstanding performance, exemplary behavior, or significant contributions. They differ from formal annual or quarterly awards by offering:
Spot awards positively impact employee motivation and engagement in several ways:
These are short surveys that can be sent frequently to check what your employees think about an issue quickly. The survey comprises fewer questions (not more than 10) to get the information quickly. These can be administered at regular intervals (monthly/weekly/quarterly).
Having periodic, hour-long meetings for an informal chat with every team member is an excellent way to get a true sense of what’s happening with them. Since it is a safe and private conversation, it helps you get better details about an issue.
eNPS (employee Net Promoter score) is one of the simplest yet effective ways to assess your employee's opinion of your company. It includes one intriguing question that gauges loyalty. An example of eNPS questions include: How likely are you to recommend our company to others? Employees respond to the eNPS survey on a scale of 1-10, where 10 denotes they are ‘highly likely’ to recommend the company and 1 signifies they are ‘highly unlikely’ to recommend it.
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