The 10 Big Myths of Employee Rewards and Recognition

I’m honored to have an article included in the December issue of Canadian HR Reporter in which I debunk 10 recognition and reward myths.

  1. Employee recognition is best given at an annual awards show.
  2. Cash is the best reward.
  3. Employee salaries should be reward enough.
  4. Determining “how” to recognize is the first step of appreciation.
  5. Appreciation and recognition are the exclusive territory of HR.
  6. Appreciation and recognition are only for the elite.
  7. Recognition takes time and energy.
  8. Recognition is expensive.
  9. Appreciation requires tight controls.
  10. Appreciation is a soft skill with no measurable business metrics.

Be sure to click through to the article to learn the reality behind these myths.

The bottom line: Recognition done right is a powerful, strategic method for advancing the business objectives most critical to your organization’s success.

Overcoming these myths to arrive at the truth about the role employee recognition can and should play in your talent management practices will help you get there faster.

Article Continues Below

What other myths do you see in recognition practices?

You can find more from Derek Irvine on his Recognize This! blog.

Derek Irvine is one of the world’s foremost experts on employee recognition and engagement, helping business leaders set a higher vision and ambition for their company culture. As the Vice President of Client Strategy and Consulting at Globoforce, Derek helps clients — including some of world’s most admired companies such as Proctor and Gamble, Intuit, KPMG, and Thomson Reuters — leverage recognition strategies and best practices to better manage company culture, elevate employee engagement, increase retention, and improve the bottom line. He's also a renowned speaker and co-author of Winning with a Culture of Recognition. Contact him at irvine@globoforce.com.

Topics

Leave a Comment

Your email address will not be published. Required fields are marked *