The size of your organization and the age of your workforce dictates which type of rewards and recognition program works best. One organization improved motivation and almost eliminated turnover by creating a family environment including special incentives.
Every year employees celebrate their work anniversary with a cake and receive $100 for each year employed made out in a check.
Twice a year employees’ children receive a $50 savings bond when they bring in their “all A’s” report card.
They reward employees with a “Safety Bonus Program.” Each employee’s driving record is screened twice a year. Anyone who has a citation is removed from the program. Those employees remaining at the end of the year split $2000.
Source: “Reward and Recognition Programs Increase Employee Motivation”
Subjects: Human Resources, Management, Organizational Behavior