Tag Archives: Budget Approvals

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Is There Ever a Right Time to Cut a Recognition Program?

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When times are tough and profits are low, budget lines for things like education, employee events, and recognition, often get cut.

It’s easy to blame leadership – either for the financial failings of the company or for the budget fallout. But not all financial issues come from poor leadership.

Leaders have a difficult position to fill when it comes to prioritizing how company monies are spent.

While you are the defender of employee recognition practices and programs, you must also be transparent about the success and impact of your recognition and rewards programs. Are your programs producing their intended results? Is there a positive ROI? What is your program’s impact on people and performance?

On your leader’s behalf: Is there ever a right reason to cut a recognition and rewards program? (more…)

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What You Need To Do To Protect Your Recognition Budget

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What is it about recognition budgets? They seem to get decimated at a blink of an eye.

Too often recognition is one of the first budget lines to be cut. This happens when recognition has not been positioned properly as a strategic tool to engage talent and lift results.

The summer months are a great time for you to begin your preparations for protecting next year’s budget.

There are two phases to protecting your recognition budget – preparation phase and presentation phase.

Follow along to see what you can do today to get things ready for your next budget submission. (more…)