What Are the Different Categories of Employee Rewards and Recognition Programs?
“People will forget what you said, People will forget what you did, But people will never forget How you made them feel” Organizations today have realized that cash is easily replicable by others and hence to remain competitive in such a dynamic environment they need to introduce differentiators which cater to the needs of diverse cultures. Strong Rewards and Recognition Program is becoming a top priority for organizations with top management and board members getting closely involved and that the effectiveness of all tangible and intangible rewards programs must be monitored periodically. Before defining the categories/areas or behavior, one needs to be clear what will they recognize or in other words what the organization wants its employees to deliver. In this regard, I thought of sharing few objectives to reward like: – Team Work – People or subordinate development – Achievement Orientation – Innovation & Creativity – Enhancing company brand in external forums – Social work – Impro
