Definition: Employee recognition and awards services target employee loyalty. Such services are part of the overall HR department responsibilities for global workforce development including the retention and rewards for employees.
Technical Requirements: Implementation of an outsourced HR employee recognition program requires tailoring the employee rewards program to the corporate culture and unique talent configuration of the business organization. Employee recognition programs are not a substitute for competitive compensation programs. So the tailoring begins with identifying sources of employee stress, concerns about performance evaluation and, more generally, training managers to give feedback on a more frequent basis. The employee recognition program will add to these core building blocks of employee development and retention.
Benefits: Employee recognition and awards services work with employment compensation and corporate culture to promote the sustainability of the business organization’s investment in hiring, training and promoting its human resources. Such services combine consulting for employee loyalty programs with implementation through development and the tangible embodiment of the loyalty programs. Benefits include reduced employee absenteeism, greater adaptability of employees to change within the organization and across the supply chain, increased productivity and savings in costs and avoided disruption through reduced employee turnover.