The 10 Big Myths of Employee Rewards and Recognition

I’m honored to have an article included in the December issue of Canadian HR Reporter in which I debunk 10 recognition and reward myths.

Employee recognition is best given at an annual awards show.
Cash is the best reward.
Employee salaries should be reward enough.
Determining “how” to recognize is the first step of appreciation.
Appreciation and recognition are the exclusive territory of HR.
Appreciation and recognition are only for the elite.
Recognition takes time and energy.
Recognition is expensive.
Appreciation requires tight controls.
Appreciation is a soft skill with no measurable business metrics.

Be sure to click through to the article to learn the reality behind these myths.

The bottom line: Recognition done right is a powerful, strategic method for advancing the business objectives most critical to your organization’s success.

Overcoming these myths to arrive at the truth about the role employee recognition can and should play in your talent management practices will help you get there faster.

What other myths do you see in recognition practices?

You can find more from Derek Irvine on his Recognize This! blog.