How is your recognition strategy performing?
Have you undergone a stress test lately to examine the health and effectiveness of your recognition strategies? Have you measured the outcomes of incentive based performance initiatives in the past 12 to 18 months?
If not, NOW is the time.
Return on Investment is a business fundamental – You cannot operate a business without this standard of measurement on a day-to-day basis. Any capital investment or investment in process improvement does not move to implementation without clear return on investment metrics in place.
It begs the question then, why are so many recognition programs run with no R.O.I. metrics in place.