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aking the above factors into consideration can help start-up organizations develop a truly efficient and result-oriented rewards program that enhances the overall workforce performance and motivation quite significantly

It is quite clear that a well-defined and properly thought through rewards and recognition program beyond the traditional sales incentive systems are essential for ensuring the growth and success of a sales-driven organization. Such a program can ensure a higher level of satisfaction and motivation of their sales representatives and deliver business impact well beyond just the sales numbers!

Organizations need to work proactively towards understanding job satisfaction and motivational needs of its blue-collared employees and fulfil the same by designing suitable rewards and recognition for blue-collared employees. The one-size-fits-all policy might not work as their needs are different from those of their white-collared counterparts.

Developing an effective employee rewards program is not as difficult as it may seem, especially if organizations were to follow the above-discussed tips to enhance the business impact of the program. An effective employee rewards program can help in engaging and motivating the employees, which in turn can give the organization a competitive edge,

Employee recognition needs to be timely and in the right way to get the desired results in terms of improved performance and higher engagement levels, which is why organizations need to adopt a policy of more effective and spontaneous recognition.

Most organizations aim to turn into one where people will stick by even during the worst times. One way of achieving this objective is by integrating employee recognition with the organization culture.

Integrating employee rewards and recognition with the HR strategy, helps organizations to achieve the objective of developing a talented and dedicated workforce committed to achieving organizational growth objectives.

Most great employee reward and recognition systems are not established overnight but these basic steps can help to move in the right direction. These steps may need to be modified as per the unique requirements of individual organizations to get the maximum benefits.

The rapid globalization of businesses has necessitated the growth of a multi-cultural workforce even within small and medium level organizations. Keeping this workforce happy and motivated can be a tough task unless companies choose a reward program based on these principles.

There is a debate among HR practitioners that employee rewards and recognition programs should be targeted only at entry-level employees. However, as mentioned in this article, it is best to adopt a comprehensive employee reward and recognition system across all levels of the organization.

These aspects need to be given serious thought and consideration to ensure the development of a successful employee rewards program that t is beneficial and satisfying for both the organization as well as its employees.

When it comes to keeping the members of the workforce motivated during the economic slowdown, employee recognition and rewards programs can prove to be one of the most cost-effective solutions for every organization.

While salary, financial perks and benefits play a vital role in attracting top talent, their retention in the organization depends on the effectiveness of the employee rewards and recognition program to an extent - how their efforts and contribution are recognized and rewarded.

The members of the delivery staff form the foundation of the organization and need to be appreciated and rewarded for their dedication and commitment towards the organization just like other employees. Hence, organizations should formulate effective employee rewards and recognition systems especially targeted towards them.

Even though the concepts of corporate values and employee recognition have co-existed for a long time, it is only recently that organizations have realized their strong linkage. With this newfound realization, organizations are redefining their employee recognition strategies to include their core values.

Overall, establishing a program for long service awards in the right manner can go a long way in enhancing the sense of loyalty and commitment towards the organization among its employees.

Organizations need to develop effective strategies to convert their core values into tangible employee behaviour rather than them just being office punchlines. Only then this behaviour will drive the work culture and the business results desired by the organization.