The concept satisfies two business concerns: rewarding employees for exemplary performance and removing the weight of choosing the best reward. It also fosters camaraderie, competiveness, and positive morale.
In today's atmosphere of cut throat competition, an efficient work-force can take a company from rags to riches and make all the difference.
Companies engage in reward and recognition programmes in order to increase employee motivation and engagement, revitalising the workforce and developing the network between co-workers.
A well-structured and suitable reward and recognition programme keeps the employees motivated and at the same time also facilitates the company growth in multiple ways.
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