The RRR (Triple R) which strikes to professionals are Rewards, Recognition and References given from organizations. It’s helps to motivate an employee to perform effectively and efficiently.
🔅Rewards : Reward system refers to all the monetary, non-monetary and psychological payments that an organization provides for its employees in exchange for the work they perform.
🔅Recognition : Employee recognition is the act of showing appreciation and acknowledgement for employees for contributions to the business that links to the company’s purpose, mission and values.
🔅Reference : Professional references include people who have worked with you and can speak directly about your work performance, habits, ethics, professional goals, and how you contributed to the work environment they provided for you.
Benefits of employee recognition, rewards and reference
- Increased productivity and engagement.
- Decreased employee turnover.
- Greater employee satisfaction and enjoyment of work.
- Improved team culture.
- Higher loyalty and satisfaction scores from customers.
- Increased retention of quality employees.
- Decreased stress and absenteeism.
Other Reading: Strategic Management