RnR full form in HR is rewards and recognition.
In Human Resources (HR) management, "Rewards and Recognition" refers to the strategies, policies, and practices aimed at compensating and acknowledging employee performance and contributions to the organization.
The concept goes beyond just financial rewards like salary or bonuses to include a variety of methods that recognize and appreciate employees' efforts, thereby increasing job satisfaction, motivation, and overall employee engagement.
The primary objectives of a Rewards and Recognition program can include:
To boost productivity, encourage initiative, and foster innovation.
A robust program can act as an incentive for top talent to join the organization.
Keeps employees satisfied, thereby reducing turnover rates.
Creates a positive work environment that values and celebrates individual and team achievements.
HRs also look for