Employee Rewards, Recognition, Engagement
Even though peer feedback plays a critical role in ensuring effective performance management, it does not necessarily have to be focused solely on deciding employee compensation. If managed properly, it can result in improved employee performance, better goal setting, more accurate training gap identification and successful career planning for the employees and organization.
Developing an efficient performance management process keeping the above tips in mind can help startups set clear direction, build greater commitment and higher levels of performance from employees.
One of the most important things for managers to remember while delivering negative feedback to employees is to reaffirm their confidence in them. The managers should never cast any doubt on the commitment of the employee to his or her job and to the organization. They should then move the discussion in a direction so as to get a positive outcome despite the negative feedback.
Recognition is an ancient tradition in all communities, dating thousands of years. Recognition at the workplace too goes back in history. Typically top driven, it represents the appreciation of performance or achievement of an individual or a group of individuals,
Employee rewards and recognition programs are typically launched with a great deal of fanfare within the organization. There is usually a prelaunch communication, a launch communication and post-launch follow-up communication by the HR and the leadership team. The communication generally
This is one dilemma that many line managers and HR Partners face; whether to reward an underperformer for a significant achievement, as part of the employee rewards and recognition program. In most cases, the Rewards and Recognition Policies might not
Employee rewards in modern day organizations have been evolving over the years – it has become more of an art than a science. Gone are those days where employees were happy receiving trophies and consumer durables. Organizations have tried everything
All said and done, recognition plays an integral part in employee engagement no matter how it is executed. At the end of the day, happy employee is what matters most whether is a pat on the back, a trophy, a shopping voucher or a trip to the Bahamas!
The short and sweet answer to this question is an absolute yes! Provided the desired behaviors that should be a part of the organizational culture are mapped correctly and rewards and recognition are used to reinforce them. Let’s take an
In the near future, organizations should see a big data approach to performance appraisals. It would increase efficiency, reduce bias and the cycle time