21 Effective Ideas for Employee Rewards and Recognition Program

Possible Works

Provide learning and development opportunities. Motivate with monetary incentives. Floating offs/Holidays and bonus as rewards. Monetary Incentives. Incentive programs need to designed in a way that employee feels motivated to achieve more and drive organization goals.

5 Simple Wins Benefits Strategies Often Miss out on


For example: your organization may provide annual bonuses as a part of the benefits strategy. The problem is that there is little or no connection between the work someone does on a day-to-day basis, and recognition in the form of an annual bonus. Professional Development. Professional development benefits are a great way to achieve two goals with one policy. It's possible to provide career development opportunities with the assets your organization already possesses.


Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Compensation Package: A Guide For HR

Digital HR Tech

It can include unique rewards for different job levels, such as mid-level management vs. executives — who are seeking different forms of compensation (performance bonuses vs. equity in the company). Across most industries, the competition for talent is tough.

Best Practices for Creating an Inclusive Workplace

Criteria Corp

According to Forbes , an inclusive workplace is one in which employees feel like they have a voice, have access to company resources and career development opportunities, and are accepted and valued for who they are. . Inclusivity is a hot topic right now in the HR space.

What is employee retention?


health insurance, discounts for wellness programs), but that’s often not enough incentive for them to stick around. Rewarding employees based on their performance with pay raises, bonuses or thoughtful gifts vividly shows that you acknowledge their efforts and the value they bring to your company. Training and career development : Offering learning and training opportunities is also a huge motivator for employee retention.

A Comprehensive Guide to Total Rewards (And How to Master It)

Vantage Circle

It includes the money paid to employees in wages, salaries, bonuses, perks, and other intangible benefits. A total rewards program gives employees a complete package of benefits, rewards, and incentives. Examples of extrinsic rewards include pay, bonuses, incentives, and gift cards.

Talent and Performance Management Survey Summary

HR Daily Advisor

Formal Career Planning Program. Exactly three-quarters of respondents said they do not have a formal career program. Career Planning by Career Group. The majority of respondents (61.5%) indicated that all of their employees are covered by their career planning programs. Career Planning Meetings. When asked how often their career planning meetings are held, survey takers were most likely to respond “as needed” (46.9%). Talent Development Program.