Does reward programs for employees really create the motivation?
What could ensure total loyalty from any employee? Is it above market median pay, liberal benefits, fancy perquisites, accelerated career, or robust recognition opportunities? Having a sound reward plan, is no guarantee for eliciting employee’s loyalty and serve as a passport to superior performance. The employee reward plans can at best achieve short-term and purely a temporary correction in employee behaviour. Reward programs do not produce lasting changes in employee behaviour just as penalising employee brings an impact which lasts only for short periods. The positive impact of rewards lasts only for a few days just like the swing and sting of cricket ball which is lost once the shine fades away. Employers cannot aspire to secure a durable loyalty by rewarding the milestone anniversaries with liberal monetary rewards. Long serving employees are not committed to acknowledging with continuous contribution. Acknowledging invokes positive feeling which la...