While it's true that a gold watch at retirement is more than a little passe, it still could be the perfect form of recognition--if that's what an employee has his or her heart set on. Even stock options, popular as they are, are not as effective with employees who have little say or involvement in their company's decision-making. Few management concepts are as solidly founded as the idea that positive reinforcement-- rewarding behavior you want repeated--works. Recognition for a job well ...

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