Rewards and Recognition Program: Benefits, Challenges, and Guidance

Employee rewards and recognition programs explained

Rewards vs Recognition

Benefits of a rewards and recognition program

For Employees

1. Improves Workplace Relationships

2. Boost Overall Job Satisfaction

3. Increase Confidence in Company Culture

For Employers

1. Reduce Employee Turnover

2. Improve Recruitment

3. Boost Productivity

Program Challenges and How to Overcome Them

Losing Track of Spending and ROI

Relying Heavily on Top-Down Rewards and Recognition Programs

Missed Opportunities from Lack of Promotion

Lacking Employee Input or Feedback

Features of a great employee recognition program