by Chris Banescu –
Companies and organizations must reward and recognize their employees in order to succeed and insure that they continue to be engaged, motivated, happy, and productive.
It is not just rewards or just recognition. It is not an either/or proposition. It’s also not rewards versus recognition. One does not have priority over the other.
It is rewards AND recognition. Why? Because it’s ethical, fair, and right, and it works!
Both are required in order to justly compensate, effectively lead, capitalistically reward, and ethically motivate and recognize your employees. Anything less will never be sufficient to attract and retain the talent necessary to insure the long-term success, profitability, and prosperity of any enterprise. [Read more…]