"People work for money but go the extra mile for recognition, praise and rewards." - Dale Carnegie Recognition of one's efforts gives every human - from a child to a corporate CEO - the urge to carry oneself through the toughest tides. However, acknowledgement and appreciation often become the driving factor for employee satisfaction, better goal-setting, and focused efforts for professional performance. The most successful businesses recognize and reward their employees at all levels and regularly maintain a positive environment of appreciating excellence. Recognition in corporate awards, corporate trophies etc., inspire employees to put in their best efforts. The level of enthusiasm of a new employee...

It does not take much effort to understand that employee recognition is related to employee retention. A recent survey by SurveyMonkey has proved that 63% of recognized employees are unlikely to search for a new job and love to stay in the same organization. So, this goes to show that employee recognition is a strategy applied by most HR departments.  Programs like  PerksOn The Spot AwardsGift CardsAchievement Awards Long Service Awards Staff Recognition AwardsShoutoutsElectronic ProductsHandwritten Thank You Note from PeersCash Awards The above are strategies implemented by most HR departments. It then depends on the organization and the HR team to decide the suitable recognition program for their employees. Many...