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4 Tips for Any Company to Find Budget for Recognition

Author: 
Sabrina Baker
Publication date:
February 10, 2022
Article Summary: 

This blog discusses four tips for companies to find budget for rewards and recognition programs, which can be powerful motivators and relationship builders. The tips include committing 1% of overall payroll budget, viewing reward programs as investments, reviewing other benefits to find unproductive costs, being deliberate about redirecting funds as business efficiency grows, and mixing low or no-cost rewards with paid programs.

Keywords: 

rewards and recognition, employee engagement, budget, investment, benefits, cost savings, and talent retention.

Source Citation: 
Sabrina Baker
4 Tips for Any Company to Find Budget for Recognition
February 10, 2022
https://www.workhuman.com/blog/4-tips-for-any-company-to-find-budget-for-recognition/
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