Recognition and Reward
Learn the value of rewards and understand how to effectively recognize your team members.
Employee reward and recognition are important components of every prosperous company and essential to acknowledging the value of an employee’s achievements. When employees are praised and rewarded for their efforts, they put in more effort to thrive and are inspired to do great work.
Importance of recognition
As a manager, you must recognize and reward people’s work and celebrate all wins, no matter how small. A simple acknowledgment of a team’s contributions raises not only the team’s morale, but also their motivation level.
A manager should foster a team culture that values recognition, where everyone, not just the manager, acknowledges the achievements and efforts of their colleagues.
Moreover, a manager needs to set an example for the rest of the team by often using “Thank you” notes on any company-wide platform for team members. Always have a shoutout agenda item on your regular team meeting. Use different tools like email, groups, and channels to recognize an individual’s efforts and achievements. Recognition shouldn’t happen only during performance reviews. It should be a continuous activity.
Reasons for recognition
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