Recognition approaches (other than bonuses)

Conference Board has another interesting list and a good reminder of what else can be used to reward team members (beyond bonuses):
  1. Tokens of Appreciation
  2. Public Acknowledgment
  3. Development Opportunities
  4. Perks

Personally, I have found that all rewards work best when they are backed up by a thorough evaluation of the contribution.  Nothing kills morale more than recognizing people who have not really contributed.  Also, depending on the age (or experience level) of the employee, 2 and 3 work better than other. 

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