Friday, August 6, 2021

Should you always reward an exemplary performance with money?


Do you always need to recognize an exemplary performance from your subordinates? Yes! It is always a must to recognize every exemplary performance from your subordinates. 

Why? For the simple reason that recognition or reward is an integral part of motivation. 

However, there is a misconception that when we say “recognize,” it always means giving money or something material. Not true! We can actually give rewards even without a price tag attached to them. For example, simply calling the attention of an effective employee during meetings is more than enough recognition. A tap on the shoulder coupled with a short pep talk is another priceless form of reward and motivation. 

We should not always look at money as our vehicle for reward because it is temporary and impersonal. Besides, it does not convey a lasting impression in the heart of the recipient. For a change, why not try something that is not visible or measured by money yet will be forever felt in the heart? 

What are these? Verbal recognition during meetings, banners that convey positive messages, and so forth. Motivation’s true purpose is best served when you reward your subordinates with things that are not quantified by money. – Marino J. Dasmarinas