tag:blogger.com,1999:blog-24929435.post6377136667464439070..comments2024-01-16T05:28:06.158-05:00Comments on Employee Engagement, Recognition and Reward Commentary | Globoforce Blog: Meaningful Employee Rewards when Budgets Are TightDerek Irvinehttp://www.blogger.com/profile/02565283467086029030noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-24929435.post-51278177062060766092009-12-16T06:58:58.162-05:002009-12-16T06:58:58.162-05:00Recognition and Appreciation always works!! For th...Recognition and Appreciation always works!! For this it is necessary to appreciate your employees for their good work by giving Rewards,even when budgets are tight.It will increase your business rate.Nspirehttp://www.nspirenow.com/noreply@blogger.comtag:blogger.com,1999:blog-24929435.post-25757538510429776462009-12-02T04:29:49.001-05:002009-12-02T04:29:49.001-05:00Sometimes Employees work for reasons other than mo...Sometimes Employees work for reasons other than money.Recognizing and showing an appreciation for employee's efforts in ways other than monetary compensation can go a long way.Employee Rewards Incentivesnoreply@blogger.comtag:blogger.com,1999:blog-24929435.post-30754484867824444262009-02-12T10:50:00.000-05:002009-02-12T10:50:00.000-05:00Roger, you've struck on a very common misconceptio...Roger, you've struck on a very common misconception -- the difference between being PAID and being RECOGNIZED or rewarded.<BR/><BR/>Too often, employees have received a cash bonus as the means of recognition for exceptional efforts. This leads to confusion as the same "currency" -- cash -- is being used for compensation as for recognition.<BR/><BR/>To help employees understand the difference you must use a different currency for recognition. I blog about this extensively in this section: http://globoforce.blogspot.com/search/label/cash%20vs%20non-cash%20rewards, which also includes a great deal of research on why non-cash is a much better reward than cash.<BR/><BR/>Another consideration that may or may not apply in your situation is the level of base compensation. Some employees who regularly receive cash bonuses come to rely on those payouts as part of their regular compensation. In some cases, those employees may actually deserve a raise in their base compensation to reflect their increased value to the organization. When base compensation is out of alignment with regular contribution, then no amount of recognition for above-and-beyond efforts will meet the lower-order needs of the employee that should be met by compensation.<BR/><BR/>Further discussion on this topic is available here: http://globoforce.blogspot.com/2008/12/no-bonus-year.html.<BR/><BR/>I hope this helps. Let me know if I can provide any additional advice.Derek Irvinehttps://www.blogger.com/profile/02565283467086029030noreply@blogger.comtag:blogger.com,1999:blog-24929435.post-13874513592634110502009-02-11T09:27:00.000-05:002009-02-11T09:27:00.000-05:00After been searching the web for consistent writin...After been searching the web for consistent writings on this subject just luckely stumbled upon this blog. Thank you so much. <BR/>My comment is that as I am all for recognition, one of my employee is 'addicted' to it and whenever commendment is done, he gets back expecting a money raise... Do you have comments to help me? THanks, Roger.A vida não párahttps://www.blogger.com/profile/12815013180296635086noreply@blogger.com