Hence it is our recommendation that awards especially those in the category of spot awards should be given based on the immediate achievements and not the past track record of the employees.
Awards should be treated as awards – it absolutely okay to reward underperformers for their achievements if they meet the criteria!
These are just a few of the top reasons why employee rewards and recognition programs fail.
Leaders and HR must avoid these pitfalls to keep the programs alive and kicking, to keep employees motivate and productive at the workplace.
Whether the winner takes all phenomenon is fair or not is the question to be asked.
It seems only logical that the highest performing employees would end up getting the maximum recognition and rewards.
Traditionally, regarded as a ‘no-brainer’ form of reward, cash rewards are falling out of favor of employees, reducing their impact on employee motivation. It is time for organizations to move away from the tradition of cash rewards and consider other options.
The various examples of employee rewards programs provide a generalized framework for organizations to design programs suited to their industry type and maximize the outcomes of such programs.
Obviously, individual organizations need to tweak these guidelines to match their business objectives and employee expectations.
All said and done, recognition plays an integral part in employee engagement no matter how it is executed.
At the end of the day, employees feeling happy is what matters most whether is a pat on the back, a trophy, a shopping voucher or a trip to the Bahamas!
Employee rewards and recognition can play a pivotal role in initiating a change in the organization’s culture.
Organizations should include behavior or value-based recognition in their employee programs in addition to the general outcome based recognition.
The employee of the month is a recognition given to an outstanding performer.
Though the concept sounds interesting, it is not as straightforward as it looks.
It is not just enough to design great employee rewards programs; knowing and overcoming the various challenges that hinder the efficient execution of such a program is the key to ensuring their long-term success and delivering the expected return on investment for the organization.
A well-defined and properly thought-through rewards and recognition program can ensure a higher level of satisfaction and motivation of their sales representatives and deliver business impact well beyond just sales incentives!