Updated: Dec 4, 2020
It's important to know the difference between recognition and rewards. Many companies "force" rewards on employees.
Forced corporate rewards do not feel rewarding at all.
Over 50% of companies do not have a rewards and recognition budget but spend 30k+ on a corporate annual party employees are “forced” to go to usually during holiday times when family schedules are overwhelming.
Forced Corporate Rewards
Pizza Parties & Food Rewards
Plaques/Pictures at a Banquet
Company Logo Trinkets
Company Surplus Items
Cheap All-Inclusive Travel Programs
Cookie Cutter Programs
Forced Rewards Results
Participants are Acknowledged but not Rewarded
Are Repeated and Recycled
Don't Engage Top Talent or Produce Top Results
Are not Personalized or Meaningful
Don't Match the Effort or Contribution Made
Extraordinary companies understand that a large part of their dynamic people programs rely on rewards and recognition.
People go where they feel valued. Receiving recognition is a primary human need. We all desire to know that we make a difference and that our contributions matter.
Rewards and recognition programs reflect exceptional leadership and the values of an organization at large.
Leadership must invest in attracting, and maintaining their corporate citizens through elaborate, well-designed rewards and recognition programs to secure the future of their company.
Multi-Channel Incentive Campaigns
Drive Revenue and Relationships
Cultivate Corporate Social Responsibility
Implement Constant Innovation
Produce Rewarding Personalized Experiences