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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Glossary » What is Employee Recognition
What is Employee Recognition  

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);

 Intangible methods of Employee Recognition include:

  • Professional Reputation;
  • Thanks and Praise;
  • Sense of Content;
  • Sense of Achievement;
  • Sense of Advancement;

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