Four Ways to Waste Your Employee Recognition Budget
Four Ways to Waste Your Employee Recognition Budget
Employee of the Month Awards –For most people, Employee of the Month is the first program that comes to mind when they think employee recognition. It is also the type of program that is most likely to be a supreme failure. Why? Generally, employee reaction is one of three: “Why did they pick her?” “It figures, since he is the bosses pet,” or “Who’s turn is it this month?” For EOM to work you need supremely clear criteria that you follow faithfully. Even done well, they only offer recognition to one employee per month.
Bonuses/Incentives – Bonuses and incentives get misclassified as recognition, but they are compensation. If you expect bonuses to change the level of satisfaction with recognition, you will be disappointed. Give them when employees earn them. Add a touch of recognition by expressing your appreciation when you present them.
Trinkets – T-shirts, mugs, pens with the company logo, your employees have figured out that these are advertising, not recognition. You can turn a trinket into effective recognition. Provide a specific, sincere message along with the trinket and it becomes an example of meaningful recognition. Also, keep in mind that if the award includes your logo, you better be sure employees are proud of where they work.
Gift Cards and Catalogues – There is a whole recognition industry built around gift cards and catalogues of merchandise, and they are definitely popular. Yet most of these awards end up being perceived more as compensation than recognition. You can link the award to recognition. Again, it comes down to the message that is attached to the award.
Meaningful recognition is always about the message. When you have the budget, awards are fine—if you remember to make them tangible reminders of something positive.
Four Ways to Waste Your Employee Recognition Budget - To learn more about this author, visit Cindy Ventrice's Website.
Like this article? Share it with your friends
Four Ways to Waste Your Employee Recognition Budget. If you are thinking of implementing a recognition program you might appreciate knowing a few of the possible ways you can waste your money.
Employee of the Month Awards –For most people, Employee of the Month is the first program that comes to mind when they think employee recognition. It is also the type of program that is most likely to be a supreme failure. Why? Generally, employee reaction is one of three: “Why did they pick her?” “It figures, since he is the bosses pet,” or “Who’s turn is it this month?” For EOM to work you need supremely clear criteria that you follow faithfully. Even done well, they only offer recognition to one employee per month.
Bonuses/Incentives – Bonuses and incentives get misclassified as recognition, but they are compensation. If you expect bonuses to change the level of satisfaction with recognition, you will be disappointed. Give them when employees earn them. Add a touch of recognition by expressing your appreciation when you present them.
Trinkets – T-shirts, mugs, pens with the company logo, your employees have figured out that these are advertising, not recognition. You can turn a trinket into effective recognition. Provide a specific, sincere message along with the trinket and it becomes an example of meaningful recognition. Also, keep in mind that if the award includes your logo, you better be sure employees are proud of where they work.
Gift Cards and Catalogues – There is a whole recognition industry built around gift cards and catalogues of merchandise, and they are definitely popular. Yet most of these awards end up being perceived more as compensation than recognition. You can link the award to recognition. Again, it comes down to the message that is attached to the award.
Meaningful recognition is always about the message. When you have the budget, awards are fine—if you remember to make them tangible reminders of something positive.
Four Ways to Waste Your Employee Recognition Budget - To learn more about this author, visit Cindy Ventrice's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
Dave KurlanDave Kurlan is the founder and CEO of Objective Management Group, Inc., the industry leader in sales assessments and sales force evaluations, and the CEO of David Kurlan & Associates, Inc., a consulting firm specializing in sales force development. Dave has been a top rated speaker at Inc. Magazine's Conference on Growing the Company, the Sales & Marketing Management Conference and the Gazelles Sales & Marketing Summit. He has been featured on radio and TV, including World Business Review with General Norman Schwarzkopf, in Inc. Magazine, Selling Power Magazine, Sales & Marketing Management Magazine and Incentive Magazine. He is the author of Mindless Selling and Baseline Selling – How to Become a Sales Superstar by Using What You Already Know about the Game of Baseball. He created and wrote STAR, a proprietary recruiting process for hiring great salespeople, and he writes Understanding the Sales Force, a popular business Blog and is a contributing author to The Death of 20th Century Selling and 101 Great Ways to Improve Your Life, Volume 2. - Visit Dave Kurlan's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
 | |
|  |
Subscribe to Cindy's articles
 | |
|
|  |
 | |
|
| |
 | |||||||
|
 | ||
 |
||
 |
||
 |
||
|
| ||
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
 |
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"
Click Here To Learn More |
|
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
|
 Get Working Capital How Search Engines Work Small Business Financing Elevating Your Business Termination Suit |
|
 | ||
 |
The Top 10 GTD Times Posts
Best Posts for Productivity | |
 |
Guide To ERP Software
Business Management Software | |
| ||
 | ||||
| ||||
|
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
|
|
|
