Culture of Openness and Transparency through Employee Recognition
Organizations can build a culture of openness and transparency through employee recognition, which can in turn lead to higher productivity, innovation and business growth.
rewards and recognition
Why ‘Cash is not the King’ when it comes to Employee 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.
Do Successful Employee Rewards Programs Need Hefty Budgets?
Organizations need to understand that successful employee reward programs do not need hefty budgets; what is required is an efficient and effective reward system that ensures that employees are rewarded in a meaningful way for their good performance without any delay.
Freedom of Choice for Success of Employee Rewards Programs
Organizations need to think beyond standard and popular options for rewards to ensure success of employee rewards programs.
The freedom of choice when it comes to employee rewards is critical for deriving the desired result from such programs.
Employee Recognition: The Devil is in the Execution
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.
Non-monetary Awards for Employees can Work Great
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.