Employee Recognition and Rewards Policy Template

This employee recognition and rewards policy template has 3 pages and is a MS Word file type listed under our human resources documents.

Sample of our employee recognition and rewards policy template:

EMPLOYEE RECOGNITION & REWARDS POLICY INTRODUCTION The Employee Recognition and Rewards Policy of [COMPANY NAME] outlines the principles and procedures for recognizing and rewarding employees for their contributions and achievements. This Policy aims to motivate, engage, and retain talented employees while fostering a positive and appreciative workplace culture. PURPOSE The purpose of this Policy is to: Define [COMPANY NAME]'s commitment to recognizing and rewarding employee excellence. Specify the types of recognition and rewards offered to employees. Establish guidelines for the fair and consistent application of recognition and rewards programs. DEFINITIONS Employee Recognition: The act of acknowledging and appreciating an employee's efforts, accomplishments, or behaviors that align with [COMPANY NAME]'s values, goals, or desired outcomes. Employee Rewards: Tangible or intangible incentives or benefits provided to employees in recognition of their outstanding performance, dedication, or contributions. RECOGNITION AND REWARD PRINCIPLES [COMPANY NAME] is committed to the following principles for employee recognition and rewards: Fairness: Recognition and rewards will be applied fairly and equitably. Alignment: Recognition and rewards programs will align with organizational goals and values. Timeliness: Recognition will be timely and immediate, tied to the achievement or behavior being recognized. Inclusivity: All employees, regardless of role or level, are eligible for recognition and rewards. Transparency: Eligibility criteria and reward structures will be communicated clearly. TYPES OF RECOGNITION AND REWARDS