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Employee reward initiatives are balancing acts

When constructing an employee rewards and recognition program, the most important component may be factoring in what matters most to staff members.

When constructing an employee rewards and recognition program, the most important component may be factoring in what matters most to staff members.

However, since it's unlikely that all workers will unanimously agree on their top priorities, the implementation of an employee rewards program will be a bit of a balancing act. HR Reporter cautions firms to remember that they cannot give staff members every item on their wishlists.

"Shaping a total rewards strategy often involves reconciling divergent perspectives by clarifying priorities and facilitating some give and take," HR Reporter explains. "Often, finesse is required to create a win-win offering because the emerging value proposition may not look exactly like what any party was seeking."

A good place to begin is by promoting open lines of communication. Employees who trust senior personnel and are less likely to feel they may be shocked by a sudden organizational change may be more productive and engaged with company culture, according to the news source.

Additionally, when firms promote clarity and transparency in their decision making, workers will better comprehend why some rewards were chosen over others, thus diminishing resentment and misunderstandings.

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