Employees seek fulfillment, opportunity, and recognition for their efforts, not perks. An environment in which people feel recognized, welcomed, and appreciated is key to maintaining a competitive, productive business.
Today’s top companies are valued by their intangible assets. Aspects like company culture and employee retention are essential to a company’s success. Research by the Incentive Research Foundation provides insight on how managers could best take advantage of incentive programs to increase the quality of their firms through the right combinations of rewards.
This guide provides information to consider when designing and implementing an employee recognition program, including a checklist, best practices, and more!
At Next Level Performance, we are often asked how to estimate a budget for an employee recognition program. But determining cost in the abstract is a challenge because each program is tailored for the client’s specific needs.