In addition to dinner Micahel Rose director of reward and recognition with the huge insurance group Axa, companies could also provide shares, tickets for sports events a bottle of champagne or the services of a domestic cleaner to improve staff motivation.
Rose who will shortly publish a book called Recognising Performance, believes should constantly be on the look out for ways of encouraging staff.
‘The most important thing is not what you give as a reward but that the individual gets some form of slightly formalised recognition that he or she didn’t expect. This can be just a note but it gives a boost and makes them feel good.’
Rose recommends a handful of rules for reward shcemes including thanking recipients immediatly and individually and told what the reward is for; the company paying the tax and national insurance on a gift; recognising teams and not just the manager and having peer groups decide who should be rewarded.
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