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EMPLOY EE RECOGNITION
AND REWA RDS
HUMAN RESOURCE
MANAGEMENT
E M P L O Y E E R E C O G N I T I O N A N D R E W A R D S
What Do Rewards and Recognition Look Like in the Workplace?
Rewards and recognition help employees feel appreciated for their contributions and
connect their personal values to the values of the organization. The goal with this
kind of system is to incentivize meeting certain goals or milestones within your
company’s performance metrics.
Rewards can take many forms: bonus checks during tax season, end-of-year bonuses,
gifts, prizes, etc. Recognition may be as simple a public acknowledgment from
management that an employee has done something great.
Recognition is simply the act of acknowledging and appreciating the hard work and
achievements of employees in the workplace. This can include praising employees
for a job well done or thanking them for their contributions to the company.
Recognition is important, because it can help to improve morale and increase
motivation among employees, leading to better performance and productivity in the
workplace.
E M P L O Y E E R E C O G N I T I O N A N D R E W A R D S
E M P L O Y E E R E C O G N I T I O N A N D R E W A R D S
Rewards vs. Recognition: What's The Difference?
he terms “rewards” and “recognition” is frequently used
interchangeably. But are
they the same? Not at all.
There are some subtle but critical differences which we have
illustrated as follows:
E M P L O Y E E R E C O G N I T I O N A N D R E W A R D S
Types of Rewards and Recognition
There are many different ways to implement a rewards and recognition
strategy. What’s most important is to recognize and appreciate your
employees’ hard work and contributions.
Here are some examples you might consider implementing in your own
organization:
 Monetary rewards - Bonuses, salary increases, and cash prizes
 Non-monetary rewards - Additional time off, flexible work hours, and
opportunities for professional development or career advancement
 Recognition awards - Certificates, plaques, and trophies that recognize
employees for their exceptional performance or contributions to the
organization
 Public recognition - Announcing an employee's achievements at
company meetings, in company newsletters, or on social media
 Employee recognition programs - Employee of the month/year awards,
that provide ongoing recognition and rewards to employees who
consistently demonstrate excellence in their work
Overall, the key is to find rewards that are considered meaningful and
valuable to your employees. The strategies you use should also align with the
goals and values of the organization.
E M P L O Y E E R E C O G N I T I O N A N D R E W A R D S
Why are Rewards and Recognition Important for the Workplace?
successful companies and HR departments are implementing recognition and
rewards as a method to stay competitive in their market as desirable
employers.
Create a Positive Work Culture
Rewards and recognition programs can also help to create a positive work
culture, which can also contribute to employee retention. When employees
feel like they are part of a supportive and positive work environment, they
are more likely to stay with the organization for the long term and feel
comfortable investing in doing better work for the organization.
Boost Morale
Additionally, rewards and recognition programs can improve morale and
boost employee engagement. When employees feel like their contributions
are being acknowledged and rewarded, they are more likely to be committed
to the success of the organization. This can lead to increased productivity and
better overall performance, which can benefit the organization and help to
retain top talent.

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Employee recognitionASASSA and rewards.pptx

  • 1. EMPLOY EE RECOGNITION AND REWA RDS HUMAN RESOURCE MANAGEMENT
  • 2. E M P L O Y E E R E C O G N I T I O N A N D R E W A R D S
  • 3. What Do Rewards and Recognition Look Like in the Workplace? Rewards and recognition help employees feel appreciated for their contributions and connect their personal values to the values of the organization. The goal with this kind of system is to incentivize meeting certain goals or milestones within your company’s performance metrics. Rewards can take many forms: bonus checks during tax season, end-of-year bonuses, gifts, prizes, etc. Recognition may be as simple a public acknowledgment from management that an employee has done something great. Recognition is simply the act of acknowledging and appreciating the hard work and achievements of employees in the workplace. This can include praising employees for a job well done or thanking them for their contributions to the company. Recognition is important, because it can help to improve morale and increase motivation among employees, leading to better performance and productivity in the workplace. E M P L O Y E E R E C O G N I T I O N A N D R E W A R D S
  • 4. E M P L O Y E E R E C O G N I T I O N A N D R E W A R D S Rewards vs. Recognition: What's The Difference? he terms “rewards” and “recognition” is frequently used interchangeably. But are they the same? Not at all. There are some subtle but critical differences which we have illustrated as follows:
  • 5. E M P L O Y E E R E C O G N I T I O N A N D R E W A R D S Types of Rewards and Recognition There are many different ways to implement a rewards and recognition strategy. What’s most important is to recognize and appreciate your employees’ hard work and contributions. Here are some examples you might consider implementing in your own organization:  Monetary rewards - Bonuses, salary increases, and cash prizes  Non-monetary rewards - Additional time off, flexible work hours, and opportunities for professional development or career advancement  Recognition awards - Certificates, plaques, and trophies that recognize employees for their exceptional performance or contributions to the organization  Public recognition - Announcing an employee's achievements at company meetings, in company newsletters, or on social media  Employee recognition programs - Employee of the month/year awards, that provide ongoing recognition and rewards to employees who consistently demonstrate excellence in their work Overall, the key is to find rewards that are considered meaningful and valuable to your employees. The strategies you use should also align with the goals and values of the organization.
  • 6. E M P L O Y E E R E C O G N I T I O N A N D R E W A R D S Why are Rewards and Recognition Important for the Workplace? successful companies and HR departments are implementing recognition and rewards as a method to stay competitive in their market as desirable employers. Create a Positive Work Culture Rewards and recognition programs can also help to create a positive work culture, which can also contribute to employee retention. When employees feel like they are part of a supportive and positive work environment, they are more likely to stay with the organization for the long term and feel comfortable investing in doing better work for the organization. Boost Morale Additionally, rewards and recognition programs can improve morale and boost employee engagement. When employees feel like their contributions are being acknowledged and rewarded, they are more likely to be committed to the success of the organization. This can lead to increased productivity and better overall performance, which can benefit the organization and help to retain top talent.