Need some guidance in preparing an 1800 word paper using the following scenario. You are an HR professional. Put together a document to supervisors that will help them come to the realization that frequent feedback and recognition has a more powerful impact than a review once a year accompanied by a merit pay increase. In the document, be sure that the supervisors get the idea of how resulting behaviors are different according to the approach taken. Illustrate your ideas and information with examples of how frequent feedback and recognition can be delivered. Be sure to include a justification, timeframe, and how the results will be evaluated.
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Important of Employee Recognition and Feedback:
In today's business world, employee recognition and feedback has emerged as an important tool to keep employee motivation and morale at the highest levels. Frequent recognition and feedback ensures that organizational employees will remain motivated and will derive greater job satisfaction from their work. Recognition and feedback if far more effective than one time strategies such as once a year review along with pay increase because recognition and feedback ensures that employees feel motivated to perform throughout the year.
A major advantage of recognition and feedback is to instill greater confidence among the employees that they are going ahead in the right direction. Recognition and feedback ensures that employees progress aheas as per the desired path and do not move in the wrong direction. Continuous feedback allows employees to make sure that their work is being performed as per the given directions, whereas recognition ensures that their excellent performance is being recognized by the employer.
It is a big challenge in front of organizations to keep employees engaged and motivated throughout a given period. Recognition and feedback is one such phenomenon or strategy that keeps an employee engaged and motivated without too much effort. One time motivational strategies such as once a year review or monetary compensation/reward are not only difficult and costly to administer, but also lack the power to keep employees engaged and motivated all the time. Recognition and feedback reinforces motivation and morale boosting efforts among the employees from time to time and thus, keep employees happy.
The major purpose of recognition is to "value" the work of the employee. Salary is a must for doing the job whereas incentives are provided to reward for meeting certain goals. Recognition is an effort to keep employees motivated, satisfied and make them feel like an integral part of the organization, thereby helping the organization in retaining the employee.
Employee recognition can be both formal as well as informal. Formal recognition, such as project or task specific prizes or rewards can be time consuming and difficult or costly to administer whereas informal recognition are easy to implement and can be done randomly, without too much effort. Informal recognition is more process oriented and ...
You are an HR professional. Put together a document to supervisors that will help them come to the realization that frequent feedback and recognition has a more powerful impact than a review once a year accompanied by a merit pay increase.