Workplace Recognition and Incentive Programs

Rewards Vs. Recognition

Posted on October 20, 2011 by Motivo Staff in Uncategorized

To optimize the results rewards and recognition should go hand-in-hand. Where self starters don't achieve results because of a reward (they operate from an intrinsic position), others need that extra challenge and stimulus to get moving (motivated). Unfortunately, that is most people. One can be done without the other because they are two very different things. Rewards are incentives and are given in response to an achievable goal. That is a company says if you do X, you will receive Y. Then it is up to the employee to decide if the work needed to achieve the result is commensurate with the reward and then do it or not. (Risk-Reward Analysis) Recognition on the other hand is something bestowed on someone after the fact in sincere appreciation for and in praise of...

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