Essentials of a Successful Recognition and Reward Program

Engaging in a practice of Recognition and Reward is a significant decision.  Such programs can turn into extremely powerful tools to boost your organization’s performance, results or morale!  Eventually, the return on an organization’s Recognition and Reward investment can be one of its best, but it needs to be done right.

Recognition and Reward cannot be taken lightly.  To the contrary; it should be ingrained as a defining element of an organization’s culture.  A well managed Culture of Recognition is a formidable booster to an organization’s performance.  It is also a strong commitment that needs follow through. Meaningful programs speak not only to the targeted goals, but also to the targeted audience.

Goals that are simple, well-communicated and include a measurement component have in our experience the best chances of succeeding. The following principles are essential for starting your program on the right track:

Define your broad objectives

Think broadly about your organizational objectives and how you would want your Recognition and Reward solution to support them

Define specific goals

Identify specific and, preferably, measurable goals that should be directly facilitated by the program

Think about your participants

Identify your program audience(s) and what will make them respond and embrace the program as their own versus something “management” owns

Budgeting and awards

How broad a distribution of awards do you expect and how much are you able and willing to invest in the program?

Outline your strategy

A well planned and thoroughly designed program that is easy to manage and execute for both participants and administrators will have the greater opportunity to succeed

Gather support and ownership

Communicating effectively and ensuring support and ownership from all stakeholders will build a positive launch pad and foundation for the program

Run your program

Regular communication and use of adapted tools – including technology – will support the program’s ongoing progress and success

Track results

Set a baseline, measure, communicate (again), adjust and reassess… and in the end, celebrate!

Let us know how we can help. Our team of Recognition Specialists will be happy to help develop a tailored solution that will meet your goals. Call us at 888.663.4437.