A recent study finds that bonuses and certain types of reward systems have little effect on long-term organizational performance. Still, most experts say reward systems are necessary, ...

An employee reward system should motivate employees to perform at their highest level. Job security and opportunities for advancement encourage employees to take pride in their work. ...

In neuroscience, the reward system is a collection of brain structures that are responsible for reward-related cognition, including positive reinforcement and both “wanting” ...

A formal employee recognition program is a kind of a program which is aimed to reward your employees formally either in terms of bonuses or awards handed out at the month of a time ...

Employee recognition is important because it: Lets employees know that their work is valued and appreciated Gives employees a sense of ownership and belonging in their place of work Improves ...

As an employer or business owner, it becomes your responsibility to make sure there is a proper employee recognition program in your organization. Such program offers many benefits ...

Now that you know how important an effective employee recognition program or reward system is, you must consider creating a strong and effective one for your workplace. It is a fact ...

When it comes to rewarding your employees, cash is king—but only for a few hours. Money is not a long-term motivator. Sure, employees love a check—who doesn’t?—but finding ways ...

Every company needs a strategic reward system for employees that addresses these four areas: compensation, benefits, recognition and appreciation. The problem with reward systems in ...

Cost-of-living adjustments (COLA) imply the same percentage increase for all employees regardless of their individual performance. Cost-of-living adjustments are given to combat the ...