2.3. Rewards and Recognition
Rewards and recognition answer the questions "What's in it for me?" and "How will I benefit if I do things that will help our business succeed?" Rewards and recognition include short-term incentives for individuals and teams; broad-based success sharing programs; recognition and celebrations; long-term wealth-building programs, such as savings and stock programs; and nonfinancial rewards, such as opportunities to learn, paths for career advancement and growth, and the opportunity to work in an exciting, fun, and cool environment.
Reward and recognition systems are components of the communication process. The mere design of a reward scheme should communicate what's important and what's not. What we choose to recognize ...
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