Rewards or Recognition, What Should be the Practice for Motivation?
Recognition is Important in every field of life. Be it at Academics, Career, Relationships or Society. To motivate one to perform better, different medium of Recognition is chosen.
Most of the time, the senior management is in dilemma as to which medium should be chosen to motivate the work-force. Should they be recognized by rewarding in monetary terms or handing over a certificate or a standing ovation or a combination of both? Most of us work for money. Yes, I agree with it. Many of us work also to grow our status in our professional and personal lives. At times we fail and at the time we are our best selves. And in between all these what keeps us going are the moments of motivation from team members, which we cherish.
Positive encouragement motivates one to work harder and think positive. A lot of times this kind of thing is forgotten by us. We at times even forgot o show gratitude to someone of distress who has helped us in times of distress. These small gestures are important and it impacts to accelerate the growth within the organization. I truly appreciate and believe in this and I am sure most of us would agree to it. We always wait for such appreciations and we get indebted to such actions, giving our 100% to the organization. I have surely been driven by this and find this truly fruitful.
While appreciation works for some, Material rewards such as hefty bonus or gifts are important for someone. I believe, it only has short term impact and happiness and we are not left with any memory of what we did that amount of gift. But a certificate or medal or a badge always finds it’s a place to create an everlasting memory.
Appreciation is a fundamental human need. People want to be respected and valued by others for their contribution. Everyone wants “a pat on the back” to make them feel good. When an employee is valued, their satisfaction and productivity rise and they maintain or improve their good work.
Although both the words “Reward” and “Recognition” are often used interchangeably, they differ from each other in many ways. Many elements of designing and maintaining reward and recognition systems are the same, it is useful to keep the difference in mind. A good employee is an asset to the company and organizations should strive to retain them whichever method works for them.