Ch 14.ppt non financial rewards as a recognition scheme

non financial rewards

1. Ch 14
RECOGNITI
ON
SCHEMES

2. Recognition
•Recognition schemes enable appreciation to be
shown to individuals for their achievements either
informally on a day-to-day basis or through formal
recognition arrangements.
•They can take place quietly between managers and
individuals in their teams or be visible celebrations
of success.

3. •The scheme recognize the past performance.
•It is a non cash reward.
•It even includes Thank you or public
recognition from leader or CEO.

4. Principles of Recognition
1.It should be immediate
2.Delivered personally
3.Should be valuable
4.Should be direct and not on phone.

5. Types of Recognition
1.Day to day Recognition
2.Public Recognition
3.Formal Recognition

6. Thank you