Analysing Reward And Recognition System For Projects
A Reward and Recognition system is a formal system used to reinforce performance or behaviour. The purpose is to motivate the team to perform well. Rewards could include monetary gifts, additional vacation time or other perks, company plagues or trophies, or small gifts. In this article, I want to look at ways of analysing and recognition system for projects. Follow me as we look at that in this article.
They are generally standardized throughout an organization and approved through corporate channels.
Rewarding or recognizing a team member for working overtime due to poor planning or in an effort to receive extra pay is not an effective system because it does nothing to motivate the team to perform well or improve team morale.
Typical example…
There is an art director assigned to the company’s website. Often, Tim helps new team members and provide coaching and mentoring. Carrie, the Project Manager, recognized Tim’s extra efforts at the weekly project team meeting. She presented him with a gift certificate to a new restaurant as a reward and incentive for his outstanding performance.
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