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10 Myths of Employee Recognition & Rewards

Posted by DerekIrvine on Mon, 30/01/2012 - 18:28
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Recognise This! -Recognition done right advances your business objectives.

I’m honoured to have an article included in the December issue of Candian HR Reporter in which I debunk 10 recognition and reward myths.

  1. Employee recognition is best given at an annual awards show.
  2. Cash is the best reward.
  3. Employee salaries should be reward enough.
  4. Determining “how” to recognise is the first step of appreciation.
  5. Appreciation and recognition are the exclusive territory of HR.
  6. Appreciation and recognition are only for the elite.
  7. Recognition takes time and energy.
  8. Recognition is expensive.
  9. Appreciation requires tight controls.
  10. Appreciation is a soft skill with no measurable business metrics.

Be sure to click through to the article to learn the reality behind these myths.

The bottom line: Recognition done right is a powerful, strategic method for advancing the business objectives most critical to your organisation’s success. Overcoming these myths to arrive at the truth about the role employee recognition can and should play in your talent management practices will help you get there faster.

What other myths do you see in recognition practices?

 

DerekIrvine's picture

Strategic Employee Recognition: by Derek Irvine

A blog by DerekIrvine

This blog focuses on the impact employee recognition, strategically applied, can have on employee engagement, retention and productivity in organizations of any size. Reviewing and synopsizing the news and research on the topic, blog posts give readers a quick resource on the latest happenings in employee recognition and engagement worldwide.

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Editor's Welcome

 

Hello! I'm a great believer in the power of stories, whether they be folk tales, novels, films or TV dramas.
 
They have a wonderful ability to get complex moral or social issues over to us in a palatable, easy-to-understand way and can provide many lessons if only we care to look just a little bit below the surface.
 
But they can also act as a fun starting point for discussion and debate on rather more serious topics that are all too often brushed under the carpet and ignored.
 

Hence our decision to start up a Review slot on the site to look at those everyday stories that are all around us from an HR perspective.

Although we've been publishing book reviews (take a look at our Book Club list of suggested possible non-fiction works for evaluation here) for some time, you may also have noticed that we've been running a weekly home page blog on The Apprentice courtesy of The Chemistry Group for a while now.

And Pauline Wood, managing director at specialist retail headhunter, court & spark consulting, was likewise kind enough to write our first film review on the Headhunters movie.

But the big question is, why don't you give it a go yourself? There's a world of choice out there and I, like the rest of the community, would love to hear your thoughts and insights.

So next time you watch a movie, see a TV drama or read a novel that you think has an HR message worth sharing, send your review to me at cath.everett@siftmedia.co.uk or post it directly to our blogs section at www.hrzone.co.uk/blogs.

So get critiquing and look forward to hearing from you very soon.....

Cath Everett
HRZone Editor 
 
 
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