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Managing the New Generation by Carolin Rekar Munro

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Chapter 7. Rewarding Peak Performers – Goodbye Plaques, Trophies, and Recognition Pins

A plaque on the wall acknowledges the Employee of the Month?

You can't be serious!

Those legendary plaques, trophies, and recognition pins aren't exactly what Gen Y envisions as rewards for exemplary performance in the workplace. Overall, our reward and recognition systems are perceived by our Gen Y workforce as bland, disappointing, and tiresome. Most frequently cited are concerns that our practices:

  • Aren't reflective of Gen Y's values and expectations
  • Fall short of inspiring performance that meets and exceeds work standards
  • Create an unflattering impression of how we celebrate star performers

The reward and recognition systems that currently exist in our organizations ...

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