Employee Motivation with Rewards, Incentives and Recognition Programs

Organizational Innovations for Modern Enterprise

12 Employee Motivation, Rewards & Promotions

THE NEW WAY: High performing employees get rewarded.

The old practice of promoting high performing employees was a cheap way for companies to tackle the employee motivation/ reward/ incentive/ recognition issues. It was doubly cost effective for two reasons. For starters, employers could avoid sharing profits with the high performers who generated more value for the company (keeping larger margins of this value in corporate coffers). They also were able to squeeze more work out of them by saddling them with more and greater responsibilities. But, cost effectiveness is not always an effective way of dealing with people... ... read the 1,187 words that used to be in this web article by buying...

Many organizations mishandle their high-performing employees. Learn how to avoid these costly mistakes; manage your staff and guide their success.

... Chapter 12 Excerpt: 'Employee Motivation, Rewards and Promotions'

In the commerce between employers and their employees, selected behaviours are traded for prizes of all sizes. Be it a pay cheque, a simple thank you, or a vice presidency, both parties want to get all they can from the deal. Often though, it is the deal itself that reduces the gains for all involved. Nurturing a mutually beneficial employment relationship will require the creative use of rewards, incentives and recognition, and the strategic use of promotions. To be effective and seize the benefits of maximum motivational power, organizations must understand where and when each kind of employment tactic is called for, and exactly how to execute it.

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