TO: Managements of Cisco and IBM Company
FROM: Mr. Roger Tazifor, Human Resources (HR) Manager
DATE: May 12, 2016
SUBJECT: Creation of a Reward and Recognition System
Introduction to Reward/Recognition System
Employees are the heart of any business. Disgruntled or apathetic employees can suck the
energy out of the sales transaction they perform.
The customers are more likely to become engaged if they are served by passionate
employees. In other words, Engaged Employees are a boost to any business’ bottom line. Yet
most office environments inspire apathy, not excitement. As psychologist Tom Muha recently
wrote in an article for The Capital, recent polls show that “only 29% of employees in a typical
company are actively engaged in their job.” Fortunately, you don’t have to spend a lot of money
to boost employee engagement.
Sincere thanks never grow old. Ongoing, meaningful rewards and recognition provide
an effective, low cost way of raising morale and encouraging higher levels of performance.
Here are 86 ideas to help you embed employee recognition into your everyday work. (Adapted
from the University of Michigan)
Reward vs. Recognition:
Although these terms are often used interchangeably, reward and recognition systems
should be considered separately. Employee reward systems refer to programs set up by a
company to reward performance and motivate employees on individual and/or group levels.
They are normally considered separate from salary but may be monetary in nature or otherwise
have a cost to the company. While previously considered the domain of large companies, small
businesses have also begun employing them as a tool to lure top employees in a competitive job
market as well as to increase employee performance.
Employees who feel they have a positive personal relationship with their supervisors are
more likely to be engaged, and staff appreciation get-togethers provide opportunities for
employees to connect with their peers and their supervisors. Too often, employees are...