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Rewards & Recognition In Emerging Organizations

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The podcast explored the critical steps for laying a foundation of rewards and recognition (R&R) in emerging organizations. We discussed the importance of fostering a culture of appreciation and celebration where recognition is valued and actively encouraged. This involves leaders and managers leading by example and consistently acknowledging and appreciating the efforts and achievements of employees.

Furthermore, we emphasized the need for clear and transparent R&R programs and policies which outline the criteria for recognition, the types of rewards available, and the nomination and selection process. Effective communication channels were also highlighted as vital for timely and impactful recognition. We discussed the significance of aligning R&R efforts with the organization's values and goals and the importance of ongoing evaluation and feedback mechanisms to continuously improve the programs.

Ultimately, the podcast highlighted how laying a strong foundation for R&R in emerging organizations can provide a competitive advantage. By nurturing a culture of recognition, organizations can enhance employee engagement, motivation, and satisfaction, leading to increased productivity and a positive work environment.

Chester Elton, who is a Bestselling Business Author, Organizational Culture, Employee Engagement, and Teamwork Expert, is here with us for the same.

About the Speaker

Chester Elton has spent two decades helping some of the world’s most successful businesses engage their employees to execute strategy, vision, and values.

He has been called the “apostle of appreciation” by Canada’s Globe and Mail, “creative and refreshing‚” by the New York Times, and a “must-read for modern managers” by CNN. Elton is co-author of multiple award-winning New York Times and #1 Wall Street Journal bestselling leadership books, including All In, The Carrot Principle, The Best Team Wins, and Anxiety at Work. His books have been translated into more than 30 languages and have sold more than 1.5 million copies worldwide. Chester has been recently adjudged as one of the world’s top 50 Coaches and Mentors by the world- renowned Thinkers50.

Elton is often quoted in publications such as the Wall Street Journal, Washington Post, Fast Company, and the New York Times. He has appeared on NBC’s Today, CNN, ABC, MSNBC, National Public Radio, and CBS’s 60 Minutes.

Connect with Chester on Linkedin

Show Notes

(01:23) Why did you choose coaching and the path around leadership development?

(05:57) What are some best practices, some timeless lessons, you've learned along the way?

(14:27) In the new world of work, how do you foster a culture of rewards and recognition?

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