“If businesses are to grow their way out of the current economic malaise, they will have to get more productivity out of their people—not by cutting and slashing, but by nurturing, engaging and recognizing.”
—John A.Byrne, editor-in-chief, Fast Company magazine
In a down economy, a manager’s first instinct is to cut back. And the “soft side” of business—including recognition programs—is often the first to be slashed.
But when you cut recognition, you are sacrificing the future.
Recognition is the lifeblood of innovation, retention and productivity. It’s what keeps employees motivated in the tough times. (And it’s why they’ll still be devoted when things improve.)
That’s why more and more companies are choosing to step up recognition in the tough times, rather than stepping away from it.
REMEMBER: | Keeping recognition doesn’t mean you’re “going soft.” It means you’re playing it smart. |