英语论文网

Strategic employee recognition ensures:

Budget spend is primarily invested in employees and not on multiple local administrators.

Fully automated and integrated processes reduce the costs associated with data entry and errors.

Cost savings and program enforcement through global corporate governance, tax compliance, and program measurement and management.

The Problem with Cash-based Incentives

With the cash bonus and annual compensation increase pool drying up and employees on a cash incentive performance track no longer able to meet those performance goals, many employees are choosing to not work as hard because their goals (and accompanying incentives) are out of reach. Yet many companies continue to rely on cash-based recognition programs, which neither maintain program consistency on a global scale nor ensure local participants feel motivated and involved in the organization. Additionally, people become habituated to cash no matter how much you give them, viewing it as an entitlement. An August 2008 study found that in eight of nine tasks, the promise of a bigger bonus actually significantly decreased people's performance.

Non-cash recognition programs save money by reducing manual intervention and eliminating the paper chase while also creating a positive work environment where employees see that best practices, strong ethics and exceptional performance are recognized and rewarded consistently, openly and fairly - an environment that encourages loyalty, commitment and honesty of effort. It is this kind of environment that drives greater morale and productivity when company leaders need it most.

Strategic recognition programs:

Drive productivity and morale by giving far more frequent awards to far more employees.

Use non-cash recognition, which produces twice the performance boost as cash.

Offer a hard, predictable budget to manage against.

Become a scorecard for executives on increased productivity

“As companies tighten their belts during tough times, it's important to remember that money isn't always what matters most to employees. When it comes to encouraging employees to pour discretionary effort into their work, the chance to make a difference and be recognized for their contributions can provide a mu本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。