Recognise This! – The frequency, timeliness and specificity of spot recognition delivers much greater benefit than delayed annual awards.
In my most recent post on Compensation Cafe, I look at recent survey results from a a WorldatWork, Deloitte Consulting and Vivient Consulting report, showing employee incentive plans (as they term them) in various forms are alive and well (click through for the full report).
I go on to discuss why and how companies can derive much greater value from reversing the investment levels in annual incentive plans and spot awards. Go to Compensation Cafe to see the details.