How to Create an Employee Rewards & Recognition Plan?

How to Create an Employee Rewards & Recognition Plan?

Employee reward and recognition programs are one method of motivating employees to change work habits and key behaviours to benefit a small business. Rewards are tangible and transactional and recognition is intangible and relational. While rewards come as expectations, recognition comes as a surprise!

PeopleQ help companies to overcome challenge in designing the rewards & recognition plan by understanding

  • One size doesn’t fit all
  • Determining what employees will most appreciate
  • Managing vendor relationship in case it has been outsourced.

We can help businesses in designing a reward program and help those differentiating rewards from merit pay and the performance appraisal. While there can be several criteria’s for designing a rewards & recognition plan, we understand the most crucial ones within the allocated budget are

Employees who are rewarded and recognised are more invested in the success of business. They are infused with a mission and feel responsible and accountable for how well the company performs. Not having a proper rewards and recognition plan can lead to disengaged employees which can lead to unsatisfying performance results, poor team culture, and decreased employee empowerment.

PeopleQ not just makes managing people easy, but also an extremely enlightening and enjoyable experience!

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