Do Successful Employee Rewards Programs Need Hefty Budgets?
It is extremely important that organizations shift their focus from pouring money into their employee rewards programs to ensuring their proper design and implementation.
It is extremely important that organizations shift their focus from pouring money into their employee rewards programs to ensuring their proper design and implementation.
Social recognition is all about publicizing the efforts and achievements of employees in a manner that inspires other members of the workforce to perform better and get similar recognition.
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.
The G.I.V.E. Model of Employee Rewards and Recognition aims to maximize the benefits from employee recognition for organizations; and help them drive productivity, create a positive work culture and nurture talent in the right way.
Peer-to-peer recognition has become an important part of the workplace today and has been helpful for organizations to improve employee motivation and engagement.