Reward and recognition are a system wherein people are recognized for their performance and behaviors in either intrinsic or extrinsic ways. If we break it down to a core perspective, employee rewards and recognition are a feedback structure that contributes to the company’s culture. It highlights the importance of employee well-being and creates a collaborative work environment that fosters productivity and teamwork.

What are Employee Rewards and Recognition


R&R programs are designed to motivate, engage, and retain employees by providing them with meaningful and tangible rewards and recognition. According to a survey by Globoforce, 78% of employees said being recognized motivates them in their job, and 89% said recognition helps them stay motivated and engaged. They can help increase employee engagement by creating a positive work environment where employees feel valued and appreciated for their contributions, which helps organizations improve overall performance, meet business objectives, and drive success.



Source Link:- https://medium.com/@vega-hr/what-are-employee-rewards-and-recognition-cdf483a327e