If a company decides to "sugar-coat the truth", the performance of employees will drop and communication will break down, according to an expert in reward and recognition.
Dave Willmer, an executive director with leading staffing organisation Robert Half International, told Computerworld that open conversation with employees is always better than silence and secrecy, adding that firms who invite discussions from workers may end up being stronger in the recession.
He explained that strong reward and recognition schemes, regardless of their size or material value, will always be appreciated, whether it is a gift or a simple thank you letting workers know that gratefulness for hard work and loyalty is always there.
Additionally, the higher purpose of a company is a great way to instil a team building ethic at a firm, with Mr Willmer explaining that community service or philanthropy initiatives can remind employees that meaningful contributions to society are always wanted.
Last week, Jim Cowan, the senior consultant for remuneration and benefits at the Royal Bank of Scotland, told the Employee Benefits Summit in Monte Carlo that the organisation would continue to invest in employee reward and recognition as a way of boosting performance.
Employee motivation: Milton Keynes has most rewarding bosses
Employee motivation: Leaders need to ‘activate the swarm’
Employee motivation: Stress employers’ top priority
Employee motivation has fallen since 2008
Employee motivation: Higher performers get double the payrise
Church Farm, Ardeley
SG2 7AH, UK
T: 01438 861494