Analysing Reward And Recognition For Projects

Analysing Reward And Recognition System For Projects

 

A Reward and Recognition system is a formal system used to reinforce performance or behaviour. The purpose is to motivate the team to perform well. Rewards could include monetary gifts, additional vacation time or other perks, company plagues or trophies, or small gifts. In this article, I want to look at ways of analysing and recognition system for projects. Follow me as we look at that in this article.

 

 

They are generally standardized throughout an organization and approved through corporate channels.

Reward and Recognition system

Rewarding or recognizing a team member for working overtime due to poor planning or in an effort to receive extra pay is not an effective system because it does nothing to motivate the team to perform well or improve team morale.

 

YOU CAN ALSO READ  The Concept of Triple Constraints in Project Management

Typical example…

There is an art director assigned to the company’s website. Often, Tim helps new team members and provide coaching and mentoring. Carrie, the Project Manager, recognized Tim’s extra efforts at the weekly project team meeting. She presented him with a gift certificate to a new restaurant as a reward and incentive for his outstanding performance.

 

Now your take on this argument.

We would also like to hear what you feel about the topic we discussed today. Your feedback is very important to us. Feel free to drop your comments and recommendations. If you have a contrary opinion, you can drop that too.

You can also join our Facebook Page CRMNigeria for more updates. You can do that by clicking on the link or searching for our page on Facebook.

 

YOU CAN ALSO READ  How to Perform Assumption Analysis for Projects

 

You can also join our WhatsApp Group Here.
Kindly Subscribe to CRMNIGERIA Articles by Email

 73 total views,  1 views today

Adeniyi Salau

Adeniyi Salau Scrum Master Certified , CCNA R&S , BeingCert and Scrum Certified Digital Marketing Professional, CEP, MOS, MCP, CSCU (Project 2016), Microsoft Certified Security and Networking Associate is a Google and Beingcert Certified Digital Marketer, Project Manager and SEO Expert of repute with about a decade of Blogging and online marketing experience. He is always ready to share his experience with others.

Write a Comment

Your email address will not be published. Required fields are marked *

CommentLuv badge
%d bloggers like this: