CareerLeadership/Innovation

The Best Ways to Reward Employees

An article at Entrepreneur provides a brief overview of the right way to reward employees. Rewards should address four areas: compensation, benefits, recognition, and appreciation. On top of that, rewards should be aligned with corporate values and strategy. Generally, the two things businesses reward are performance that drives business and behavior that facilitates business. Tracking and rewarding performance is not so difficult, but deciding what specific type of behaviors to reward should again depend on what the business values. The types of reward can extend beyond cash to include (for long-time employees) equity and increased benefits. To learn more, you can read the full article here: http://www.entrepreneur.com/article/75340

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