Rewards and Recognition: Boosting Employee Performance

There’s no denying it. Employees usually respond well to being recognized and rewarded by their managers and peers. Financial awards, such as merit increases and bonuses are often what come to mind first when thinking about ways to reward good performance. However, money isn’t always the answer. Monetary incentives may, in fact, reduce motivation and negatively affect performance. Whether your managers want to provide tangible rewards or make a nice gesture showing their team that they care, there are many different approaches to acknowledging the efforts of our hard-working employees.

You, the HR Pro, can help by designing and implementing a rewards and recognition program that’s flexible, sustainable and meets the needs of your workforce. Watch this previously recorded HR Community event. This course provides insights on how a well-designed program can motivate employees and lead to a sustainable high level of performance. This course also reviews ways to reward your teams beyond financial methods that can enhance employee engagement.