Employee recognition is both an art and a science that helps build a culture of appreciation within the organization.
This will ensure that employees think and act beyond their goal sheets and appraisals.
Looking at the various employee recognition programs running in these highly rated companies, it is clear that linking the organization’s strategy and values to a successful recognition program is the key to success in the highly competitive markets.
Continuous communication is the key to building a successful employee rewards and recognition program.
The communication should be top-down well as bottom-up to get feedback and insights on the program.
Non-monetary rewards are gaining more and more popularity with organizations They can offer better results than monetary awards in form of greater engagement, higher retention, and increased productivity.