Need for recognition and self-esteem 'identified as most important'

Date: 08/05/2009

When bonuses or other prizes are awarded to employees through reward and recognition schemes, it has been identified that people primarily want the recognition side of things, according to a business expert.

In his Mindful Manager column with Maine Business, David Lee stated that Chip and Dan Heath, two motivational experts, laid down a questionnaire with three differing communications of a hypothetical money bonus from managers to employees.

The first was explaining to workers that the money could be used as a down payment on a new car or investment that has been lingering at the back of the mind, with the second being that the reward could be used as financial security.

However, the third, which most respondents went for - even in the current financial climate - is that the money is not simply given for nothing, but out of the desire to recognise good performance.

Performance recognition is also a major way to retain employees, according to Dr Cabot Jaffee, the chairman of Global Talent Metrics, who told Express Computer last week that without it, workers simply do not feel connected to their company.

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