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Solution
Recognition Schemes
Recognition Schemes are formal structures implemented within workplaces to reward staff and encourage them for their hard work and performance as well as demonstrate appropriate behavior in ssettings (CIPD, 2022). For their part, schemes remain non-financial and are used to encourage staff through praise and incentives that are other than monetary. They appreciate employee input and help facilitate the creation of an organisational culture in which performance and proper workplace conduct become things that are done deliberately, not without much thought. In this way organisations are able to get staff commitment, organisational commitment and organisational satisfaction, which translates to improved bottom-line business performance, all without the costly implications of financial reward based schemes
Merits of recognition schemes for Eco-Insulate
Public recognition
Recognising high performing workers through some measures like the employee of the month will have the following benefits on Eco-Insulate. Yang, Jiang and Cheng, (2022) stated that public recognition of good performing staff and those that exhibit company values is a way of promoting them within the organisation. Public acknowledgment will boost morale and self-esteem of the awardees. Staff members are competitively motivated by rewarding those outstanding talents in the presence of their counterparts in order to emphasise that they are the best in view of the set goals and objectives of the organisation as well as the core values. The competitive aspect of public recognition programmes is therefore capable of enhancing improved performance in the entire workforce.
Non-cash awards
Offering non-tangible incentives that reflect experience day tickets or gift vouchers to the employees may prove to offer a range of benefits for Eco-Insulate (Verlinden, 2021). Such gifts help in enhancing the morale of the employees because they are valued and appreciated in their endeavors towards the achievement of organisational objectives. Also, non-cash awards are cheaper than the money awards because they do not impose lots of pressure on the company’s finances, and yet they can motivate the staff adequately.
Day-to-day recognition
Informal appreciation of employees by the managers in their daily interactions with them greatly benefit Eco-Insulate because it is not expensive. Constant acts of appreciation in the course of working assist in the building of a supportive management-subordinate relationship. Organisations also benefit from the cooperation spirit that the employees develop, as well as an efficient organisational culture. Any time contributions are verbally acknowledged as and when they are made, motivation and morale is boosted right there and then. A working environment where the employee is given informal recognition supports him/her in feeling appreciated for the standard work done.
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