The recognition and rewards are the important topics with respect to the management policy. every corporate house want to become superior and its brand should rock in the market, provide maximum profit.
It can be made possible by the appraised effort of all three level of management. Appreciation at Aricent is not just a program, exercise or a process … it is part of our culture to recognize and celebrate our employees’ success. motivation of the staffing is the critical factor for the achievment of the goal. then recognition and rewards are come in the lime light.
these are varried as started as simple appraisal "vote of thanks- well done" to the many tangible prizes.
both recognition and rewards have differences on the basis of their tangibility. they can be given as:
promotional increases
change in grade pay
holiday packages
corportate parties prizes celebration
5.Appraisable in front of all staffing members Important factor for decidation of proper recognition:
- level of motivation
2 corporate economic status
seriousness of the work done
level of management
affect on other level
development of healthy competition habi*t.
