What Kinds of Recognition and Benefits Attract, Retain and Develop Employees?
Preziosa, Anne; Hociota, Beatrice
We all want to feel recognized for what we do. Whether that is at home or in the workplace, we want to feel that what we are doing contributes to something beyond ourselves and we want to be recognized for it. In the workplace, employee recognition refers to the practice of acknowledging employees’ contribution, whether that is for great success on a major project or completing small tasks excellently. It matters because it emphasizes what an employee has done, showcases a goal achieved, and reinforces behaviors. Recognition can come in a monetary form, but non-monetary forms can be just as powerful. A greater focus will be placed on this latter form of recognition in this summary. It is crucial to make a big deal out of what employees are doing.
human resources; benefits; attraction; retention; employee development; rewards; recognition; flexible work; well-being; performance management; incentives