Studies show that a formal employee recognition program offering tangible rewards is the most effective way to motivate employees, more so than encouragement and positive feedback. According to an Incentive Research Foundation and Incentive Federation 2011 study, employees think more frequently about awards, which leads to increased interest in higher performance. Creating a recognition program is not a daunting task, so long that you have clear goals and keep your employees interests in mind. Do you want to reward length of service, sales achievements, reduced absenteeism? Here are 5 simple steps to start you out!