And what they can teach us about reward and recognition.
If you’re familiar with the employee recognition space at all, you will be familiar with the ‘cash vs. tangible reward’ argument.
For those of you that are not familiar, the argument goes something like this. If a company formally recognizes an employee for whatever reason – great attitude, team player, sales targets met, innovation, and so on – the reward should be tangible rather than cash. Cash, it is claimed, will just be subsumed into the employees’ personal cash flow and when they spend it, be it on a Starbucks coffee, gas for the car or the weekly groceries, they are unlikely to associate the purchase with being recognized. (more…)
