What delivers a better ROI...rewards or recognition?
Although
these terms are often used interchangeably, they actually are two
different ways to motivate an employee. Reward programs are usually
monetary in nature and are separate from salary. Their value is
finite. Recognition on the other hand is not monetary; it is often a
tangible award that can be displayed with pride and honour for all
time, and as such, its enjoyment is infinite and its return on
investment, priceless. Recognition programs conducted on a regular,
scheduled basis have shown to encourage and reinforce positive
achievements for service, performance and productivity.
Ask us how we can help you design an award of Recognition for your organization.