Employee reward and recognition programs are one method of motivating employees to change work habits and key behaviours to benefit a small business. Rewards are tangible and transactional and recognition is intangible and relational. While rewards come as expectations, recognition comes as a surprise!
PeopleQ help companies to overcome challenge in designing the rewards & recognition plan by understanding
- One size doesn’t fit all
- Determining what employees will most appreciate
- Managing vendor relationship in case it has been outsourced.
We can help businesses in designing a reward program and help those differentiating rewards from merit pay and the performance appraisal. While there can be several criteria’s for designing a rewards & recognition plan, we understand the most crucial ones within the allocated budget are