Is There More to Recognition than Awards, Money and Praise?
Mar 6, 2015 1:00 PM ET
Campaign:
Quality of Life Content Series
Mia Mends
CEO of Benefits and Rewards, Sodexo
Recognition is a key engagement driver for employees but it can come in many forms including awards, money and praise. The question for companies is which is the most important? Or what combination will influence and motivate peak performance and the behaviors crucial to corporate success?
Consider this, an effective recognition program can consist of praise and awards but no money, but a program solely focused on money with no praise or awards will never be successful. Don’t get me wrong, money is important and a very effective reinforcement, but it represents a short-term solution not a sustainable, long-term behavioral change.
