For many small business owners and entrepreneurs, employee reward and recognition programs might seem like something best put off for later – after the firm has grown. But according to this article, reward systems give small firms an advantage in attracting, engaging, and retaining talent. The article doesn’t go into the specifics of reward program design and addresses only a small range of nonfinancial recognition options. Nevertheless, it offers a solid overview of the fundamentals and an excellent place to start an investigation of the subject.
About the Author
Inc. is an American business magazine serving the small and private business community. Inc. was founded by Bernie Goldhirsh, and its first issue appeared in April 1979.
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In our Journal
2 years ago
Awards, Rewards, Hogwarts
The mechanisms of internal talent development and recognition are as diverse and varied as their demonstrable effects. What really works? And which “strategies” are a case for the storybook? In a world in which more and more people are working outside of the company headquarters, the possibilities for finding new talent are almost unlimited. But […]