The importance of rewarding employees for high performance has long been recognized as a powerful management strategy to stimulate better morale and boost greater retention in an organization.
When properly executed, employee recognition programs not only positively impact recipients, but also influence their peers. While some may be incentivized to win awards themselves, others may simply appreciate that they are part of an organization that honors and respects its best workers.
Why Employee Recognition Programs Work
The psychology behind why employee recognition programs work is simple: people like to feel appreciated for the good work that they do. At the end of the day, employees aren’t just thrilled at the reward itself but at the fact that the company they worked for recognized their hard work.…Continue reading