What are the most important outcomes of an effective reward and recognition scheme?
This was selected as Best Answer The goal of any reward and recognition plan is to use the money allocated to payroll, benefits, bonuses and other awards in the way that maximizes return to the organization. It does so by providing a system that clearly demonstrates acknowledgement and appreciation for the contribution that employees make to achievment of company goals; with the desired outcomes including low employee turnover, increased effort in the service of the customer, higher quality work output, and so on (the literature is full of references to research which has been done in this area). As other respondents have pointed out, there is no perfect system; companies often spend time and effort far in excess of the benefit that can be obtained in designing their programs. Also, there is some risk to any such program–if the system is not appropriate to the company, or is not well-implemented, there is a possibility of negative, rather than positive response. One key point–it is i
