Employee recognition efforts reward employees both individually and collectively for their contributions to the organization. Recognition can take various forms, formal and informal, monetary and non-monetary. By acknowledging employee efforts and making them feel valued and appreciated, organizations can increase employee satisfaction, morale, and self-esteem. Additionally, the organization itself may benefit from greater employee engagement and productivity, lower turnover and the ability to attract and retain top quality employees.
Ways of recognizing employee contributions include:
- Fair monetary compensation
- Competitive benefits packages
- Acknowledgement of contributions and milestones
- Performance-based bonuses and pay increases
- Employee awards
- Recognition ceremonies
Organization: Otsuka’s Furniture & Appliances
Program: Rewards and Reinforcement
- Employee well-being
- Organizational performance
- Customer satisfaction
- Increased sales
Click here to read more about Otsuka’s Furniture & Appliances, a 2003 state-level award winner from Hawaii and one of APA’s 2004 Best Practices Honorees.