Reward & Recognition sounds like a simple concept: engaged employees perform more brilliantly and produce greater results than employees who are not engaged. Take the logic one step further and you could say that the result of having engaged employees is a greater business success. If you understand this, then bigger question you need to answer is, ‘Is your rewards and recognition program old school or new school?’.
In the past, companies rewarded the use of their employees’ hands. In today’s knowledge-based economy, employers also need to win their employees’ heads and hearts. Precisely, modern recognition strategies are more result-oriented. Based on a radical new way to appreciate the greatness of employees that’s transforming the industry, we’ve created 9 ways to breathe life into any R&R program. Dive in and learn how you can re imagine recognition program which can assist continuous performance management.
1. “In The Moment” Recognition
2. Integration with Performance Management
3. Choice of Rewards
4. Not Just For Large Companies
5. Reinforcing Culture
6. Make Recognition Public and Social
7. Measure, Review and Improve
8. Peer Recognition Rules
9. Keep Your Program Alive