BUSINESS NEWSLETTER
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NOVEMBER 2024
Give your employees the recognition they deserve
Looking for new ways to show your employees you appreciate them? It’s an important way to enhance morale and keep your team motivated.

Here are a few simple but effective ways to show appreciation for all the hard work your employees do.
Peer-to-peer acknowledgement
Encourage employees to recognize each other! It’s not just about management giving out praise; recognition from peers can be incredibly powerful.

Try a monthly “shout-out” board where employees highlight a colleague who went above and beyond or employee-nominated awards where employees celebrate each other for their hard work.
Social media or public recognition
Share your team’s accomplishments publicly on your company’s social media feeds or during meetings.

Employees feel appreciated when their hard work is acknowledged and celebrated in front of a larger audience – just make sure they’re comfortable with public praise. For example, when your company wraps up a big project, you could highlight the team members and their contributions to the project.
Instant recognition and micro bonuses
Celebrating great work in the moment is a fantastic way to boost morale and reinforce positive behaviour. It also creates a culture of ongoing appreciation, where people feel valued regularly, not just during annual reviews or big company meetings. You could give a $25 gift card as a thank-you for solving a tricky problem or to celebrate a milestone.
Personalized rewards
Let your employees choose the rewards that are most meaningful to them. This engages them in the recognition process and ensures they feel valued.

You could offer a variety of bonuses, such as gift cards, extra time off, pension plan or other financial contributions, or professional development opportunities.
Wellness-focussed rewards
Recognizing your employees’ well-being is just as important as valuing their hard work. By prioritizing wellness, you show that you value their overall health, not just their work performance.

Consider offering perks like mental health days, wellness programs, or access to meditation apps.
Milestone celebrations
Celebrate work anniversaries and major achievements with personalized awards that truly reflect your team’s dedication.

Whether it’s a shout-out at a company dinner or a thoughtful gift, make sure the gift matches the milestone. The longer they’ve been with you, the bigger the celebration!
Pension plan
Offering a pension plan is a huge perk that shows employees you’re invested in their future, which can significantly boost morale and loyalty. SPP is flexible and can help you find and keep top talent. After all, what’s a better thank-you to employees than helping them build financial security for life?
 
When implementing recognition programs, it’s important to be consistent. Recognition should occur regularly, not just once a year. Make it genuine. Personalized recognition is more meaningful for the recipients. And encourage peer-to-peer participation to create a culture of appreciation.
Manage your company pension with MyBusiness
Did you know you can easily manage employees and make contributions directly through SPP’s MyBusiness portal? The process is fast and simple.
Click below to access your MyBusiness Portal.
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or call us at: 1 (800) 667-7153
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