Culture of Rewards and Recognition

 

Introduction

A culture of rewards and recognition is a set of practices and values within an organization that focuses on acknowledging and appreciating the efforts and achievements of employees. This culture emphasizes the importance of creating a positive work environment where employees feel valued, supported, and motivated to do their best work.

Rewards and recognition programs can take many different forms, such as bonuses, promotions, public praise, employee of the month awards, or team celebrations. The key is to design a program that aligns with the organization's values and objectives, while also taking into account the unique needs and preferences of employees.

 

“57% of people report leaving work feeling exhausted, and that a toxic atmosphere often compounds that stress”

A telltale sign of toxic work culture is unhealthy competition and a lack of appreciation for each other. It is critical for team members to appreciate one another’s efforts in order for them to bond and work better together. The use of rewards is an excellent technique to cultivate a healthy work atmosphere. It helps the organization in-We can use one of the following theories; (Gadenne et al, 2018).

Frederick Herzberg’s motivation and hygiene factors

Herzberg was the first to show that satisfaction and dissatisfaction at work nearly always arose from different factors and were not simply opposing reactions to the same factors, as had always previously been believed. He showed that the presence of certain factors truly motivates (motivators), whereas the absence of others tended to lead to dissatisfaction (hygiene factors). These hygiene factors need to be addressed and resolved before motivators can be effective.

 

Maslow's Hierarchy of needs

This hierarchy is most often displayed as a pyramid. The lowest levels of the pyramid are made up of the most basic needs, while the more complex needs are located at the top of the pyramid. Needs at the bottom of the pyramid are basic physical requirements, including the need for food, water, sleep, and warmth. Once these lower-level needs have been met, people can move on to the next level of needs, which are for safety and security (Iqbal et al, 2019).

Expectancy Theory

 

 

Conclusion

A culture of rewards and recognition is an essential component of successful Human Resource Management (HRM). It involves designing and implementing programs that encourage and acknowledge employees' achievements, contributions, and excellent performance. A well-crafted rewards and recognition program helps increase employee engagement, retention, and productivity, which ultimately leads to better business outcomes. It also promotes a positive work environment, fosters a sense of belonging and motivation among employees, and reinforces desired behaviors and values (SHRM, 2015). To build a culture of rewards and recognition, HRM professionals should involve employees in the program's design and implementation, align rewards and recognition with the organization's goals and values, and ensure fairness and transparency in the process. In conclusion, incorporating a culture of rewards and recognition in HRM can have a significant impact on an organization's success. It helps attract, retain, and motivate employees, fosters a positive work environment, and reinforces desired behaviors and values. Therefore, HRM professionals must make rewards and recognition an integral part of their talent management strategy.

 

References

Gadenne, D., Sharma, B., Kerr, D., & Smith, T. (2018). The drivers and outcomes of employee engagement: Evidence from the Australian public sector. International Journal of Public Sector Management, 31(1), 39-54.

Iqbal, N., Anwar, S., & Haider, N. (2019). Rewards and recognition: A driver for employee motivation and engagement. International Journal of Economics, Commerce and Management, 7(3), 112-124.

Kusku, F., & Özer, Ö. (2016). A study on the impact of employee recognition on job satisfaction and organizational commitment: An application in the hotel industry. Journal of Human Resources in Hospitality & Tourism, 15(1), 54-71.

Lawler, E. E. (2019). Reinventing talent management: Principles and practices for the new world of work (1st ed.). Berrett-Koehler Publishers.

SHRM. (2015). Effective practice guidelines series: Employee recognition. Society for Human Resource Management.