Getting rewarded and recognized by their superiors for their good work and performance can boost the morale of employees in a big way. However, when these rewards are accompanied by a well-worded email, citation or letter of appreciation, it ensures an even greater sense of happiness and satisfaction.
Adopting innovative easy-to-implement ideas for employee recognition adds greater meaning to employee rewards and recognition programs and helps to create a highly motivated workforce.
Being aware of the common mistakes in employee recognition programs can help organizations get higher ROI from such programs and drive enhanced productivity and a greater sense of commitment and loyalty from their workforce.
Team Awards can be a powerful tool for organizations to motivate their employees to work together effectively and to build a highly committed and engaged workforce for higher business growth.
Organizations need to develop effective strategies to convert their core values into tangible employee behavior rather than them just being office punch-lines.
Organizations are redefining their employee recognition strategies to include their core values, given their strong linkage.
Developing effective policies for recognizing millennials can help organizations motivate them effectively, enhance their overall performance and help drive business success.
In recent times, powered by digital employee recognition programs, spot awards have emerged as one of the most effective ways of boosting employee motivation and engagement.
Organizations should formulate effective employee rewards and recognition systems to appreciate and reward their delivery staff for their dedication and commitment towards the organization
Employee retention depends on the effectiveness of the employee rewards and recognition program - how their efforts and contribution are recognized and rewarded.
When it comes to keeping the members of the workforce motivated during the economic slowdown, employee recognition and rewards programs can prove to be one of the most cost-effective solutions for every organization.
Many aspects need to be given serious thought and consideration to ensure the development of a successful employee rewards program that is beneficial for both the organization as well as its employees.
Should employee rewards and recognition programs be targeted only at entry-level employees? This article explores the pros and cons of this approach.
Many organizations face challenges while implementing employee rewards and recognition for a multi-cultural workforce.
Organizations need to design a rewards system tailored to such a workforce.
There is no ‘one-size-fit-all’ solution to deciding on the most suitable types of award for an organization. It is the ‘horses-for-courses’ approach that works best – a combination of different award types to fit different situations within the organization.
Most great employee reward and recognition systems are not established overnight but these basic steps can help to move in the right direction. These steps may need to be modified as per the unique requirements of individual organizations to get the maximum benefits.
Integrating employee rewards and recognition with the HR strategy, helps organizations to achieve the objective of developing a talented and dedicated workforce committed to achieving organizational growth objectives.
Ensuring proper and timely employee recognition in a hybrid workplace is essential for an organization to enhance the motivation and effectiveness of the workforce.
Innovation is the key for organizations to develop sustainable competitive advantage. Creating a culture of innovation through employee recognition can be an effective way for organizations to drive innovation and business growth.
Creating a culture of collaboration through employee recognition is an effective way for organizations to enhance team bonding and effectiveness of teams working among their workforce.