Nonfinancial and Recognition Based Awards
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About the Video
Employers often supplement financial incentives with various nonfinancial and recognition-based awards. The term recognition program usually refers to formal programs, such as employee-of-the-month programs. Social recognition program generally refers to informal manager–employee exchanges such as praise, approval, or expressions of appreciation for a job well done.
Performance feedback means providing quantitative or qualitative information on task performance so as to change or maintain performance; showing workers a graph of how their performance is trending is an example. There are simply too many opportunities to motivate employees every day to let those opportunities pass. The best option for motivating an employee is also the simplest—make sure the employee has a doable goal and ...
