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Recognizing and Rewarding Employees During Lean Times

Shari Lifland

In today's uncertain economy and workplace, many people are working harder and with fewer resources. Due to widespread downsizing, many employees have become overburdened by taking on responsibilities once handled by others. To make things even worse, they're worried that due to circumstances beyond their control, they may soon find their own names on the laid-off list.

Now, more than ever, it is essential for managers and organizations to reward their employees for a job well done. While monetary rewards remain an important component of any company's system of recognition and rewards, in today's lean times, managers have to find creative, low-cost or no-cost ways of making their people feel valued and rewarded.

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