Companies should improve their performance management process to acknowledge employee performance and contributions.
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Interesting thoughts about performance mangement linked to rewards/recognition. Here are some of my favorite quotes from the article:
"biggest barriers to effective performance management, a top obstacle they identified was an inability to adequately reward or incentivize performance that exceeds expectations."
"a recognition or award—had the strongest link to effectiveness."
"Top-performing organizations, were significantly more likely than all other companies to reward employees with a financial bonus or a recognition or award."
How closely is your non-monetary reward/recognition system linked to your performance management process?