Reward and recognition programs have helped companies improve employee productivity, motivation and their own cultures.
Reward and recognition programs have helped companies improve employee productivity, motivation and their own cultures. Yet, if implemented incorrectly, they can create an alarming focus on workers' interests versus businesses as a whole.
For example, staff members are likely to compare the rewards they earn to those they have worked for in the past and those awarded to their peers, regardless of changes in company finances or strategies that require such alterations, Startup Smart explains.
In this case, rather than boosting morale, employees' outlooks may darken. Fortunately, this doesn't have to happen. The key is finding the right incentive for the firm and work culture, the news source writes. Businesses may also want to consider the effect of surprising staff members with rewards.
"Always surprise them with more," Startup Smart states. "This is one of the most effective tools to achieve … satisfaction. But only if this surprise does not become an expectation."
Companies can survey employees to find out their interests outside of the office or what tools would make their work days more manageable to better deploy incentive programs.