For most professionals today, corporate culture is one of the most important deciding factors for accepting a job opportunity. That is why it is essential for businesses to work towards building an exceptional corporate culture that sets it apart from its competitors and catapults it to new heights of success.
Organizations need to develop effective strategies to convert their core values into tangible employee behaviour rather than them just being office punchlines. Only then this behaviour will drive the work culture and the business results desired by the organization.
Even though the concepts of corporate values and employee recognition have co-existed for a long time, it is only recently that organizations have realized their strong linkage. With this newfound realization, organizations are redefining their employee recognition strategies to include their core values.
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.
Overall, employee rewards and recognition programs that are well designed and well executed can provide significant benefits to the organization to justify the investments made into the program by the management. However, it is important to keep these objectives in mind while the program is being designed and implemented without any ambiguity.