Rewards & Recognition

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Rewards & Recognition

In some organizations, employee recognition means giving an award (perhaps monetary) to a few employees who are proclaimed to have done something exceptional. But is this approach to recognition too narrow and exclusive? Is it the most effective use of organizational resources?

 

Effective Employee Recognition

Taking an inclusive, systems approach to employee recognition means more than developing a traditional employee rewards and recognition program. Effective employee recognition systems include activities on three dimensions: day-to-day, informal, and formal.

 

Examples of these dimensions of employee recognition include:

  • Praise is an example of day-to-day recognition. It costs nothing and can be given by anyone, to anyone at any time.
  • Informal recognition can take a variety of forms, has few restrictions, and often includes a low-cost, tangible gesture of appreciation or congratulations.
  • Formal recognition can include not only awards for achievements, service, etc., but also celebration events at which all contributing employees can participate and receive recognition. Formal recognition often has certain policy and legal requirements.

 

Making Employee Recognition a Priority

Successful organizations realize that well designed recognition programs provide the organization and its employees with several positive results. Contact our HR company to help you create an effective employee recognition program to accomplish the following:

  • opens channels of communication,
  • increases productivity,
  • reinforces organizational values and culture,
  • enhances recruitment of desired applicants,
  • improves retention of key employees,
  • acknowledges noteworthy achievements,
  • builds mutual commitments and relationships, and
  • enhances self-worth and self-confidence.

 

Characteristics of Effective Employee Recognition Programs

While there is more than one way to design an effective employee recognition program, many successful programs share common attributes. The most effective employee recognition programs typically

  • use a systems approach to develop a “culture of recognition,”
  • reflect the organization’s values and business strategy,
  • are clearly defined and well-publicized,
  • involve employees in program design and implementation,
  • are multi-layered (organization-wide and unit-specific),
  • have a mix of formal and informal programs,
  • are creative and fun,
  • change periodically to avoid stagnation,
  • are timely and provide a specific reason for the reward,
  • are supported with tools and education, and
  • match the reward to the person to make it personal and meaningful.

 

Contact myHRpro, an Edmonton and Calgary based hr company, when you require expertise in designing and implementing an employee recognition program.