Recently I was engaged in an online blog about employee reward schemes and my professional experiences. The originator of the inquiry was wondering how to compensate employees for their ideas and performance. The discussions were varied and the suggested approaches interesting.
Always there is the argument of financial reward and if it is necessary beyond the non-monetary recognition programs. Some contributors were adamant that it should be considered part of doing a good job and no special consideration was warranted. Some felt that a TQM process or a Six Sigma approach was the Holy Grail and for them it may well be the case. They failed to mention that those programs can include recognition and reward components.
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