Join Todd Dewett for an in-depth discussion in this video Rewarding employees, part of Managing Teams.
One of the fun aspects of being a leader is finding opportunities to recognize and …reward your employees. There are just as many types of …recognition and reward programs as there are types of employees. …The options are unlimited. However, first, it's very important that …you understand the difference between recognition and rewards. …Recognition refers to informal or formal public praise given to an individual or group. …In contrast, rewards are tangible things, such as money or time off. …It's important that both recognition and rewards are given in response to a …specific achievement. Let's focus on recognition for just a moment.…
Informal recognition includes those attempts to say thank you that are not …highly planned. These tend to be inside the group, not …company wide, and are usually free or very inexpensive. …Contrary to popular belief, you don't have to shut down the entire …organization, for an hour or a day. And herd every employee into an …auditorium in order to recognize achievement. …
- Building initial rapport
- Signaling fairness and integrity
- Communicating proactively
- Facilitating efficient meetings
- Using your authority effectively