Deep Dive on Budgeting for Employee Recognition and Reward Programs
Vantage Circle
MARCH 23, 2025
However, a rule of thumb is to never exceed the industry standard and strain the organization's finances. This approach often involves increasing the recognition value at significant milestones, such as 5, 10, or 20 years. A poorly planned budget leads to inconsistent recognition, while an overly generous one can be unsustainable.
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