How do you thank employees for a job well done? With an employee recognition award, that's how! Many blue-chip companies run monthly, quarterly or yearly programs as a way to motivate performance, reinforce a supportive and encouraging work environment, and to foster good relations between other employees. In a recent article for Worldatwork, Alison Avalos discusses why there are measurable and tangible benefits to creating employee recognition programs.
"In the current tug of war between workers' demands for higher wages to pay for higher living costs and companies looking to cut costs, recognition programs play a key role in creating a positive environment," said Alison Avalos, the practice leader for WorldatWork who focuses on recognition. "As such, we expect budgets for recognition programs - currently at 2.7 percent of payroll - to rise steadily. It will continue to be a critical component of an organization's total rewards toolkit."
Source: www.rtoonline.com
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