It’s great to be part of a winning team. That’s why many companies reward cross-functional teams that complete complex projects. But for most employees, individual goals and accomplishments are day-to-day priorities. In fact, our research revealed that the most desirable employee reward is an annual $150 award for achieving an individual goal.2
To gain insights into the emotions that employee rewards and recognition can evoke, we asked people who are currently eligible for these programs how they feel about them. Here are the top three responses:
- 3 out of 4 respondents said, “The reward program makes me feel valued”
- 3 out of 4 respondents said, “The reward program makes me feel like the company cares about me”
- 3 out of 4 respondents said, “Financial rewards are just as important as public recognition”1
It’s obvious that employee incentives can drive positive feelings and reinforce desirable behaviours. If you are starting or refreshing a rewards and recognition program at your workplace, let us help you offer the right rewards.