THE MOST EFFECTIVE REWARD AND RECOGNITION PROGRAMS HAVE FIVE ELEMENTS:
1Achievable: Set achievable standards. If it can’t be accomplished, it becomes a de-motivator.
2Objective: Tell employees exactly what it takes to achieve a reward or recognition.
3Sensible: Include rewards that are logical motivators. If you are in your busy season, don’t award additional time off if your schedule can’t tolerate it for another six months.
4Timely: Waiting too long to deliver a reward or recognition will lessen the impact.
5Useful: If possible, measure and reward something that helps to produce useful business results.