The way to expand the impact of your compensation effort, without increasing the costs, may lie in expanding the use of recognition. Dr. James Oakley from Purdue University examined the impact of compensation and the role it plays in fostering and sustaining culture in his study “The Road to An Engaged Workforce”, (www.performanceforum.org). In Oakley’s opinion, all forms of compensation must be leveraged to drive the culture that’s right for your business. He feels non-cash as a compensation lever is actually under-utilized in all business models.
Effective use of recognition, using non-cash rewards that are distinct from ongoing compensation, is a powerful tool for sustaining culture, driving innovation and rewarding the right behaviors across the corporation.
Ask us about your free thanks website to send e-cards and personalized certificates - be strategic and recognize someone today!
No comments:
Post a Comment