How Do Companies Keep Rewards and Recognition Exciting? Share Your Best Practices!

What do companies do to keep the excitement in the R&R practice? Specifics are required. Best practices done by competition. Please help me with the data.

Use an Appreciation Board Along with RnR

A word, even on an employee's small contribution, makes a significant impact to boost morale and motivate employees. Remember, even with small contributions, employees are helping the project be delivered successfully and aiding the organization in achieving its objectives.

To make RnR exciting, you will have to make it effective by using visual media and periodic communications. The best employees can be featured on the company's webpage, display boards, or in emails sent to the group. They can be given a badge to wear, which will be visible across the workforce every time you select the best talent.

Reward & Recognition: Old School or New School?

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 greater business success. If you understand this, then the 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 reimagine a recognition program that can assist continuous performance management.

9 Ways to Breathe Life into Your R&R Program

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