Reward & Recognition Structure – There is an old adage: What’s in it for me? Well if someone came to you and said that they would like you to go put in extra effort so that the organization can be more profitable, it had better have something in it for you – why else exert the extra energy? Structuring an equitable Recognition & Reward system doesn’t mean giving away the farm. It means recognizing in a meaningful way when certain behaviors lead to desired outcomes. Whether this outcome is a desired action, the successful completion of a task, a timely response or a positive result; if it meant doing more than usual, recognizing that fact will help repeat it - not doing so is a virtual guarantee that it will not.

But how to reward and recognize, when to do it, using what vehicle and to what extent is a delicate balance. BrainBank experts can help you understand the opportunities that incentives can create without costing much at all – in fact, there are ways of funding incentives out of implemented ideas without needing to tap any budget. Recognition is also an often under-utilized incentive that can help drive performance as well as mobilize those elusive cultural shifts.

To get anyone to go an extra mile, there’s got to be something in it for them. Rewards & Recognition represent tangible proof to participants that their input is valuable to your organization; and research confirms that either of these elements can trump the other in weighting, depending on how and when each is deployed. These important tools not only act to validate the effort, but also go a long way to motivating the entire user population; all the while acting as a trust-building instrument for participation when visibly and responsibly promoted .

Let BrainBank Reward & Recognition expertise open new opportunities for your organization, with the proven strategies that have delivered for others – it’s not magic, just applied knowledge.

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