"Recognition is a secret weapon that every leader really needs to use," said former CEO of Yum! Brands David Novak. He also said 80% of people feel they are not recognized by their supervisor for what they do, and 60% say they value recognition as much as money.
Recognition is not just a nice thing to do. It is also a communication tool to tell the people the actions and behavior you want to see.
Here are a few pointers.
Recognition should be immediate. On the spot.
It should be public in front of the peers.
Cash is not the effective recognition. It is temporary and intangible. It should be something people will remember. For example:
All expenses paid 3 day and 2 night package for 2 in a resort. Two tickets to a soccer or a cricket match or a musical concert. Two movie tickets on the opening day for a new movie. Have a Wall of Fame and place the employee’s photo and name. Decorate his/her office/cubicle. Something along these lines.
If you are a manager, do you recognize your employees? If so, how?
If you are an employee, does your company have an “immediate” recognition program? If so, what kind of recognition?