Leaders must reinforce individuals for taking the right actions and when they do, they must understand what motivates each person.
Reinforcement is divided into rewards (financial) and recognition (non-financial). If a rewards program is being changed, when should it happen—at the launch of the implementation or after 6 to 12 months? This article addresses this question as well as focuses on recognition.
Many leaders assume money is the number one motivator of people in business, but it’s not. When they adopt this false assumption, they put out ineffective recognition programs. Therefore, leaders must take time to understand what and how to motivate their staff members.
An effective recognition program includes seven characteristics, also discussed in this article.