Why is it Critical to Effectively Reward Employees?
Employee recognition is a communication tool that allows companies to reinforce and reward behaviors that reflect of the organization’s core values and objectives. Recognition and retention programs also instill a climate of trust within the workforce. Companies must remember the people they employ are the foundation for the way the organization grows and is perceived in the marketplace. Companies that prioritize employee recognition demonstrate their interest in fostering a positive, productive and innovative culture among their employees. Employees who feel appreciated are more positive about themselves and the contributions they make. Because companies must retain their employees to be successful, they need to have an effective recognition program. It’s critical for companies to choose the correct program. Why Not Cash? Companies continue to reward their employees with cash awards because of convenience. In addition, they perceive cash as the incentive of choice because of employee
