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Building a Better Business Case for Recognition: Practical Dos & Don’ts

  • Madison
  • Feb 5, 2021
  • 1 min read

April 26, 2013 | By Mike Ryan

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There is a lot of planning that goes into an effective employee recognition program. Communication, technology, awards and analytic elements must all be given careful consideration if the experience for employees and managers is to be positive and the economic effect for executive sponsors on par with expectations.


But what do HR managers need to think about long before any of those assets are put into play? They need to draw up a blueprint for budgetary approval and they need to do so in a business environment that is short on funds and long on expectations—one where senior management expects every project champion to demonstrate not simply how they intend to hit their goals, but how they intend to help others hit theirs. This edition of Madison’s Performance Perspectives is intended to help you craft such a plan and to help you understand the dos and don’ts of making the best business case you can for recognition.


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ABOUT THE COMPANY

​Nearly five decades ago, our founder, Werner Haase, started Madison in 1975. Beginning as an incentive company, Madison had the first internet-based sales contest in 1995, followed a few years later by the first consolidated recognition web portal application.

 

Madison has evolved through consistent organic growth from a starter incentive company in the 1970s to a leading global social employee recognition and incentive company.  

Madison is a proud Employee Stock Ownership Plan (ESOP) company. Through our ESOP, employees earn shares in the company over time, creating an added retirement benefit that grows alongside Madison’s success. With ownership comes a deeper commitment in the work we do and the clients we serve.

 

Partnering with an ESOP company means working with people who truly care—because when we succeed, we all share in the rewards.

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212-758-4385

info@madisonpg.com

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