Reward and Recognition

How to make Employees feel Valued

If employee’s goals match with the company’s goals, engagement increases and there is a direct positive impact on bottom-line
Instant recognition – mail, verbal, on the face, has a direct impact on motivation and hence on bottom-line
Formal mentorship and sponsorship programs
Acknowledgement of employee’s contribution towards any project or assignment on mail or public forum
Quantify the rewards of employee engagement, gain cognitive surplus of the employees

How to make sure Rewards are Effective

Employees are hitting their highs or not
How much of negative conversation is happening around pay and other rewards
Offer acceptance rate with respect to different jobs offered vis a viz. the market
The initiatives are resonating with the expectations of the employees – current and prospective
Employees talk about the rewards around social media and tell a story about it, if not then there is a serious problem

In Summary

Reward and recognition is personal; employees look for meaning in the job than just money
Connecting the contribution of employees towards the bigger cause of the company has a great value for the employee

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