Employee Recognition: Boon or Bane?

How many times have your team, colleagues, spouse, or kids complained to you that, they are not receiving enough appreciation? Have you ever received complains about receiving too much appreciation or recognition?

The Importance Of Rewards And Recognition Program

In fact, The Gallup Organization has surveyed more than 4 million employees worldwide on this topic. Gallup's latest analysis, which includes more than 10,000 business units and more than 30 industries, has found that individuals who receive regular recognition and praise:

• Increase their individual productivity
• Increase engagement among their colleagues
• Are more likely to stay with their organization
• Receive higher loyalty and satisfaction scores from customers
• Have better safety records and fewer accidents on the job

Per-person productivity = Talentmultiplied by(Relationship + Right Expectation + Recognition/Reward)

According to the U.S. Department of Labor, the number-one reason people leave their jobs is that they "do not feel appreciated".

But every Manager's dilemma is "How much recognition"? Managers worry about loosing the value of their recognition if given very frequently and they wait for a big success or high impact achievement from employees. But the irony is, for employees to achieve something big they need to feel appreciated for their every…