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 organizations with a multi-cultural workforce still struggle to retain their best employees through rewards and recognition.
Organizations need to design a rewards system tailored to such a workforce.
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.
Most organizations aim to turn into one where people will stick by even during the worst times.
One way of achieving this objective is by integrating employee recognition with the organization culture.
Employee recognition needs to be timely and appropriate to drive higher performance and engagement levels.
Hence, organizations need to adopt a policy of more effective and spontaneous recognition system.
Organizations need to work proactively towards understanding job satisfaction and motivational needs of its blue-collared employees and fulfil the same by designing suitable rewards and recognition for blue-collared employees. T