Role of HRD in Facilitating Learning in the Organizations
Learning encompasses a wide variety of terms and concepts. This article looks at the meaning of learning in an organizational context. The key point to note about learning in an organizational context is that unless employees continually learn and pick up skills, they would be left behind as well as eroding organizational competitiveness. Especially in […]
HRM Strategies in Non Profits and How Similar and Different are They from Corporates
The Differences between HRM Strategies in Corporates and Non Profits As the name implies, non profits are those entities that are engaged in social activities and which do not exist to make profits. Instead, they are established and run with the purpose of serving society and zero sums accounting wherein the intake equals the cost […]
Tips for Successful Job Rotation
Job rotation enables individuals to try their skills in other departments as well and gain from the expertise of their fellow workers. Not every individual is open to the idea of job rotation and feel it is just another waste of time. They are happy doing the same type of work for years as long […]
People Problem in Talent Management
Organizations globally are one in their view that managing people in a strategic priority. Yet something somewhere seems to be going wrong and research has it that it is the human factor that is big impediment in talent management processes. Is it something in the implementation or lack of people participation at the top level? […]
How Self Learning can help you be Ahead of the Curve in a Fast Changing World
The shelf life of working professionals is reducing by the day. While in the immediate years after the Second World War, professionals could expect the knowledge they gained during their study to last for a decade or two before it became obsolete, the decades of the New Millennium have upended such obsolescence to less than […]
Ask yourself the importance of a chocolate or a muffin to motivate your child to finish his homework or clean his room. Same way, the rewards and recognition can prove to be extremely beneficial to keep your employees motivated to perform extraordinary, achieve the targets and stick to the organization.
The power of employee recognition can not be underestimated especially when they have thousands of lucrative opportunities in front of them.
Who doesn’t want to attract, hire and retain the best talents of the industry?
Why not explore the new ways to foster employee motivation and drive them to achieve their targets then?
After all an organization’s performance is directly related to the performance of its human resources. This is a simple logic; if you make their day, they make your organization.
Employee rewards and recognition system is not just a positive thing to do with people but communicating it effectively is an efficient tool in encouraging them to create and bring business for you. Treating your employees like your assets and maintaining harmonious relationships with them doesn’t only yield business in present but also an effective strategy for future. Employers and management need to be pro-active to develop a talented and dedicated workforce that can take you to your goals.
Fulfilling employees’ needs, recognizing their efforts and presenting them with monetary and non-monetary rewards help you create a right workforce for your organization that can be your partner in success. Recognition of their efforts and boosting their morale results in increased productivity and decreased attrition rate. It is a proven fact that the motivated and dedicated workforce can change the fate of a company.
After all, human effort is the biggest contributing factor in success of any organization. It is just next to impossible to achieve organizational goals only by the efforts of top management. It’s the workforce who executes their plans and helps them achieve their financial as well as non-financial aims.
Establishing and implementing a reward system needs careful analysis of the company policies and procedures. Deciding how to recognize employees’ efforts and what to provide them requires thorough analysis of responsibilities and risks involved in a particular job.
Reward system of an organization should also be in alignment with its goals, mission and vision. Depending upon the job profile, both monetary and non-monetary rewards can encourage employees to contribute more to the organization.
A combination of monetary and non-monetary rewards can work wonders and drive employees to perform well continuously. A proper and efficient employee reward and recognition program can establish harmonious relationships between employees and employer.
Your email address will not be published. Required fields are marked *
Corporate Corruption and the HRM Function: Legal, Ethical, and Moral Perspectives
February 12, 2025
The Challenges of Managing Attrition in Contemporary Organizations
February 12, 2025
The Challenges of Recruiting and Onboarding Remote Employees in Virtual Workplaces
February 12, 2025
