The right way to reward employees

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The right way to reward employees

Monday, April 5th, 2010

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I Love Rewards explains in a recent interview with the Globe and Mail the right way to recognize and reward employees for their accomplishments.

What The Globe and Mail said about I Love Rewards:

In fact, done right, formal and informal programs to recognize and reward employee achievements can be a key driver of engagement, and a valuable tool that can boost performance and lead to higher morale and productivity, says Razor Suleman.

Still, Mr. Suleman says his company is seeing a shift toward more customization, in the form of Web-based programs that allow employees to choose their own rewards. “Imagine if an employee can experience driving a Formula One car or be the first to get an iPad. That has trophy value. It’s memorable,” he says.

Handing out rewards at year-end does little to encourage results you want throughout the entire year. At the same time, be careful to avoid creating a sense of entitlement by tossing out rewards aimlessly.

Click the link to read the full article, “The right way to reward employees.”