Many people have clicked on a previous version of this blog post wanting to learn how they should set up a point-based reward program.
Unfortunately, some individuals and recognition and reward providers suggest certain ideas as being best practices so the client’s employees will consume more points. So, buyer beware and let’s learn some principles versus supposed best practices to guide you.
My goal is to provide you with objective information along with solid principles for you to make wise decisions by. I will also give you some pros and cons for some options.
A recognition strategy is a written document
that outlines the purpose, direction, goals, and plans, for you and your
organizational leaders to commit to doing, and make recognition giving a way of
life and not just a program.
However, according to the latest WorldatWork
2019 Trends in Employee Recognition Survey, only 49 percent of the surveyed
organizations have a written recognition strategy.
For that reason, I am helping you with how
to create a written one-page recognition strategy to ensure you have something
rather than nothing.
If you haven’t already heard, there are fewer
companies today than 2 years ago that have a written recognition strategy. Wow!
That’s a shame.
According to the latest WorldatWork 2019 Trends
in Employee Recognition, only 49 percent of the organizations they surveyed
have a written recognition strategy. Fortunately, for the nearly half of these
organizations with a recognition strategy, 97 percent are aligned with
their organization’s business strategy.
The surprising thing was seeing how the
percentage of organizations with a recognition strategy declined from 55
percent in 2017 to 49 percent in 2019. I really thought more organizations
would commit to writing one. But, alas, I was wrong.
Why would organizations not have a recognition
strategy? Let’s examine some possible reasons why this