What is the best way to acknowledge an employee's outstanding performance?

Question

This can vary business to business and position to position. Please identify the general category of employee you are speaking of.

Answer 1

pecuniary compensation and position advancements

Answer 2

We all like approval, it's part of what motivates us. Money is great, but salary means nothing next to knowing you are appreciated for your efforts.

Depending on what you are thanking them for, I would say a heartfelt letter complimenting them on their performance, plus an enclosed gift certificate to a nice restaurant would be great for starters. If it's a thank you for incredible amounts of effort and time, a bonus might be in order?

Also, if this is someone you are looking at keeping long term, offering to pay for some kind of further education related to the job would be a good thing. This helps everyone, and encourages the employee who shows promise to go even farther in their career path.

I think you'll find that a good employee will be extremely pleased and grateful that you noticed, and acknowledged, their good performance. Too many times it's the complainer and chronic problem employee that gets all the attention, even if it's negative, and the steady worker is forgotten in the shuffle.

Answer 3

Well speaking as a pawn in the telecommunications market...A raise or financial compensation is never a bad idea even if it is a prepaid 1 use credit card to be used at selected stores.

In addition my company offers a "Midas" award for those that go above and beyond. They have a meeting that includes previous winners and upper management. They read why the person was nominated. The midas commitee then picks the winner for the month out of the 4 or 5 people that showed outstanding performance.

Answer 4

Letters of appreciation, each time the employee shows outstanding performance; incentive or hohorarium at some occasion and an outstanding entry in his annyal confidential report, if being prescribed. These tacts become the noral booster for the employee and remains always alert to be on the envious position. These things also become an example for other employees to follow suite and encourage them to show their performance also.

And finally, out of turn promotion is also a method to extract more from him from time to time.

Answer 5

Regardless of position......

Be truly honestly appreciative and enthusiastic.

Thank the employee personally
Reward the employee commensurate with the success
Recognize N Applaud the individual in public
Then Celebrate the success as a team

What is relevant to the position will be the scope and method of the actions recommended above.
eg
from a dinner for two ....
to a hefty bonus equal to a small fortune the chairman & CEO (such as Mr Gates and Mr Trump?) would get

Answer 6

Give the employee a good raise in pay at their review. A merit raise is a good way to show them that their work is well appreciated. It will give the employee incentive to continue with the great work that they are doing.
I'm not sure what you mean by the general category. This is how it has been done with every job that I've been at except the military.

Answer 7

There are numerous ways which can vary from Bonus, to employee of the month with a gift certificate or lunch. Employee of the year if it is appropriate. There are a lot of different incentives.

Answer 8

I disagree that it varies bus to bus. I think the following is a MUST in any business.

Regardless of any other bonus or acknowlegement that is appropriate, simply talk to the employee 1 to 1 and tell them specifically what aspects of his/her performance were outstanding.

Answer 9

generally very good appreciating words from the employer or the senior officer would be doing very well ,you should appreciate them before all others that may make them feel proud and happy this is for general case Or else according to performance u may give them a good holiday package or an increase in post etc but by giving direct money is not advisable this may develop a wrong attitude ....

Answer 10

Acknowledge an employee's outstanding performance by telling them personally and be sincere and specific about the great job done and what brought it to your attention.

Answer 11

While a cash bonus is probably a good way to go, one of the best ways to build loyalty and group cohesion is simply to verbally acknowledge "Good job!" when a cash bonus isn't appropriate (for example, my company gives bonuses once per year, but I work on a dozen projects during that time - so a verbal "Good job!" usually makes me want to continue working hard).