Reward vs recognition do you know when to use each motivator
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Reward vs Recognition: Do you know when to use which motivator?
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Reward vs Recognition: Do you know when to use which motivator?
Ben Peterson, co-founder and CEO of BambooHR
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1-866-387-9595
Reward vs Recognition: Do you know when to use which motivator?
Most of the time,
reward and recognition go
hand-in-hand. What are
the differences?
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Reward vs Recognition: Do you know when to use which motivator?
Why focus on
employee recognition?
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Reward vs Recognition: Do you know when to use which motivator?
“Employee recognition is
the number one factor when
motivating employees in the
workplace.”
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Reward vs Recognition: Do you know when to use which motivator?
69% of employees would
work harder if they were
better recognized.
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Reward vs Recognition: Do you know when to use which motivator?
of employees find it annoying
when they are not recognized
for the accomplishments they
contribute to the team
and company.
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Reward vs Recognition: Do you know when to use which motivator?
“Organizations that give regular thanks
to their employees far outperform those
that don’t.”
—Josh Bersin
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Reward vs Recognition: Do you know when to use which motivator?
Did you know employees
want some form of
recognition every 7 days?
Yet only 12 percent of
employees say they often
receive appreciation for
great work.
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Reward vs Recognition: Do you know when to use which motivator?
Actions that align with company’s
goals and strategy.
“Too many CEOs and managers focus on
bottom line results without thinking about how
it feels to slog away and work without anyone
saying thanks.”
—Josh Bersin
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Reward vs Recognition: Do you know when to use which motivator?
Big and small wins.
“Regular minor boosts from ordinary activities
can have a cumulative and lasting effect.”
—Harvard Business Review
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Reward vs Recognition: Do you know when to use which motivator?
Being a team player.
“[Teamwork] is the fuel that allows common
people to attain uncommon results.”
—Andrew Carnegie, American Industrialist & Philanthropist
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Reward vs Recognition: Do you know when to use which motivator?
So . . . how can you
best use recognition?
• Be simple
• Be sincere
• Be consistent
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Reward vs Recognition: Do you know when to use which motivator?
“You have to use recognition again and again to
build people up. It is one of the many tools and
practices available to each manager to boost
people up and elevate work performance.”
—Barbara Ann Corcoran, Shark Tank
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Reward vs Recognition: Do you know when to use which motivator?
11 Ideas to recognize employees
without spending a penny!
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Send a personal note
Say a sincere “thank you”
Recognize in a meeting or applaud
Send a shout-out on a social site
Mention their success in a speech or presentation
Give a long lunch or get-out-of-work free day
Have a higher manager say thanks
Swap a task with them
Give a team lead role or title promotion
Offer flex hours or work-from-home options
Create a “Wall of Fame” or white board
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Reward vs Recognition: Do you know when to use which motivator?
Why focus on
employee rewards?
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1-866-387-9595
Reward vs Recognition: Do you know when to use which motivator?
The workforce is changing.
By 2020, half our workforce
will be millennials.
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Reward vs Recognition: Do you know when to use which motivator?
Employees want to be rewarded
for their hard work.
• 44 percent of employees said tangible (type financial rewards)
highly or very highly increased their engagement.
• 63 percent of employees said intangible rewards highly or very
highly increased their engagement.
— The Hay Group
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Reward vs Recognition: Do you know when to use which motivator?
Not all are about bonuses,
raises, or even cash. 46% of
incentives offered by US
companies are non-cash
incentives. Don’t be afraid
to get creative!
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Reward vs Recognition: Do you know when to use which motivator?
“It’s impossible to win the hearts and minds of
people unless you clearly establish goals and
values and reward people if they act in a way
that leads to the fulfillment of those objectives.”
—F. Robert Salerno, CEO of Avis
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Reward vs Recognition: Do you know when to use which motivator?
So . . . how can you
best reward employees?
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Reward vs Recognition: Do you know when to use which motivator?
Objectively (and transparently)
identify who deserves reward
and for what
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Reward vs Recognition: Do you know when to use which motivator?
Figure out how much value the
work contributed
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Reward vs Recognition: Do you know when to use which motivator?
Decide—as an organization—if you want to
reward only the big wins and successes or the
milestone steps and wins along the way. But
consistency is important.
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1-866-387-9595
Reward vs Recognition: Do you know when to use which motivator?
10 reasonably priced ideas for
rewarding employees:
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bamboohr.com
Stock options
Gift cards
Time off
Late in/early out
Growth opportunities
Fun
Tickets
A massage
A personalized gift
Free food
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