What is Employee Recognition

Employee Recognition is a one-time action or consistent systematic practice (a program) by which an employer appreciates and acknowledges the efforts or achievements of an employee. Employee Recognition is a practice including tangible and intangible rewards, which plays the major role in staff motivation and one of the key roles in HR matters such as:

• Employee Retention (an employee’s level of loyalty to the company);
• Employee Satisfaction (how well an employee is pleased with terms of employment, etc);
• Employee Productivity (an employee’s ability to produce a good level of results);
• Employee Performance (an employee’s adherence to proficiency and the best standards);

Tangible methods of Employee Recognition include:

• Regular Wages;
• Results-related Fees;
• Bonuses;
• Valuable Gifts;
• Souvenirs;
• Benefits (Social and Corporate);