The document discusses the importance of distinguishing between reward and recognition as motivators for employees, emphasizing that both play critical roles in enhancing workplace motivation. It highlights that consistent employee recognition significantly boosts productivity and engagement, while rewards can take various forms, both cash and non-cash. The piece also offers practical ideas for recognizing and rewarding employees effectively without significant costs.

1. Reward vs Recognition: Do you know when to use which motivator?
bamboohr.com 1-866-387-9595

2. Reward vs Recognition: Do you know when to use which motivator?
Ben Peterson, co-founder and CEO of BambooHR
bamboohr.com 1-866-387-9595

3. Reward vs Recognition: Do you know when to use which motivator?
Most of the time,
reward and recognition go
hand-in-hand. What are
the differences?
bamboohr.com 1-866-387-9595

4. Reward vs Recognition: Do you know when to use which motivator?
Why focus on
employee recognition?
bamboohr.com 1-866-387-9595

5. Reward vs Recognition: Do you know when to use which motivator?
“Employee recognition is
the number one factor when
motivating employees in the
workplace.”
bamboohr.com 1-866-387-9595

6. Reward vs Recognition: Do you know when to use which motivator?
69% of employees would
work harder if they were
better recognized.
bamboohr.com 1-866-387-9595

7. Reward vs Recognition: Do you know when to use which motivator?
of employees find it annoying
when they are not recognized
for the accomplishments they
contribute to the team
and company.
bamboohr.com 1-866-387-9595

8. Reward vs Recognition: Do you know when to use which motivator?
“Organizations that give regular thanks
to their employees far outperform those
that don’t.”
—Josh Bersin
bamboohr.com 1-866-387-9595

9. Reward vs Recognition: Do you know when to use which motivator?
Did you know employees
want some form of
recognition every 7 days?
Yet only 12 percent of
employees say they often
receive appreciation for
great work.
bamboohr.com 1-866-387-9595

10. Reward vs Recognition: Do you know when to use which motivator?
Actions that align with company’s
goals and strategy.
“Too many CEOs and managers focus on
bottom line results without thinking about how
it feels to slog away and work without anyone
saying thanks.” —Josh Bersin
bamboohr.com 1-866-387-9595

11. Reward vs Recognition: Do you know when to use which motivator?
Big and small wins.
“Regular minor boosts from ordinary activities
can have a cumulative and lasting effect.”
—Harvard Business Review
bamboohr.com 1-866-387-9595

12. Reward vs Recognition: Do you know when to use which motivator?
Being a team player.
“[Teamwork] is the fuel that allows common
people to attain uncommon results.”
—Andrew Carnegie, American Industrialist & Philanthropist
bamboohr.com 1-866-387-9595

13. Reward vs Recognition: Do you know when to use which motivator?
So . . . how can you
best use recognition?
• Be simple
• Be sincere
• Be consistent
bamboohr.com 1-866-387-9595

14. Reward vs Recognition: Do you know when to use which motivator?
“You have to use recognition again and again to
build people up. It is one of the many tools and
practices available to each manager to boost
people up and elevate work performance.”
—Barbara Ann Corcoran, Shark Tank
bamboohr.com 1-866-387-9595

15. Reward vs Recognition: Do you know when to use which motivator?
11 Ideas to recognize employees
without spending a penny!
Send a personal note
Say a sincere “thank you”
Recognize in a meeting or applaud
Send a shout-out on a social site
Mention their success in a speech or presentation
Give a long lunch or get-out-of-work free day
Have a higher manager say thanks
Swap a task with them
Give a team lead role or title promotion
Offer flex hours or work-from-home options
Create a “Wall of Fame” or white board
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
bamboohr.com 1-866-387-9595

16. Reward vs Recognition: Do you know when to use which motivator?
Why focus on
employee rewards?
bamboohr.com 1-866-387-9595

17. Reward vs Recognition: Do you know when to use which motivator?
The workforce is changing.
By 2020, half our workforce
will be millennials.
bamboohr.com 1-866-387-9595

18. Reward vs Recognition: Do you know when to use which motivator?
Employees want to be rewarded
for their hard work.
• 44 percent of employees said tangible (type financial rewards)
highly or very highly increased their engagement.
• 63 percent of employees said intangible rewards highly or very
highly increased their engagement.
— The Hay Group
bamboohr.com 1-866-387-9595

19. Reward vs Recognition: Do you know when to use which motivator?
Not all are about bonuses,
raises, or even cash. 46% of
incentives offered by US
companies are non-cash
incentives. Don’t be afraid
to get creative!
bamboohr.com 1-866-387-9595

20. Reward vs Recognition: Do you know when to use which motivator?
“It’s impossible to win the hearts and minds of
people unless you clearly establish goals and
values and reward people if they act in a way
that leads to the fulfillment of those objectives.”
—F. Robert Salerno, CEO of Avis
bamboohr.com 1-866-387-9595

21. Reward vs Recognition: Do you know when to use which motivator?
So . . . how can you
best reward employees?
bamboohr.com 1-866-387-9595

22. Reward vs Recognition: Do you know when to use which motivator?
Objectively (and transparently)
identify who deserves reward
and for what
bamboohr.com 1-866-387-9595

23. Reward vs Recognition: Do you know when to use which motivator?
Figure out how much value the
work contributed
bamboohr.com 1-866-387-9595

24. Reward vs Recognition: Do you know when to use which motivator?
Decide—as an organization—if you want to
reward only the big wins and successes or the
milestone steps and wins along the way. But
consistency is important.
bamboohr.com 1-866-387-9595

25. Reward vs Recognition: Do you know when to use which motivator?
10 reasonably priced ideas for
rewarding employees:
Stock options
Gift cards
Time off
Late in/early out
Growth opportunities
Fun
Tickets
A massage
A personalized gift
Free food
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
bamboohr.com 1-866-387-9595

26. Reward vs Recognition: Do you know when to use which motivator?
Selecting what’s best
for your company
bamboohr.com 1-866-387-9595

27. Reward vs Recognition: Do you know when to use which motivator?
Who should be rewarded
and recognized?
bamboohr.com 1-866-387-9595

28. Reward vs Recognition: Do you know when to use which motivator?
Start today! Think
about why, when and
how to best motivate
your people.
bamboohr.com 1-866-387-9595

29. Reward vs Recognition: Do you know when to use which motivator?
Thank you!
Follow BambooHR on social media:
bamboohr.com/blog
bamboohr.com 1-866-387-9595

30. Reward vs Recognition: Do you know when to use which motivator?
Questions?
BambooHR
Receive a free job posting on our ATS and full HRIS for one week.
We will contact everyone within the next few days to set this up.
bamboohr.com 1-866-387-9595