RnR full form

RnR full form in HR is rewards and recognition.

What 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.

Objectives of rewards and recognition (RnR)

The primary objectives of a Rewards and Recognition program can include:

Motivating employees

To boost productivity, encourage initiative, and foster innovation.

Attracting talent

A robust program can act as an incentive for top talent to join the organization.

Retention

Keeps employees satisfied, thereby reducing turnover rates.

Culture building

Creates a positive work environment that values and celebrates individual and team achievements.

Difference between rewards and recognition

Types of rewards and recognition in HR

Understanding the different types of rewards and recognition helps HR teams design programs that meet diverse employee needs.

Monetary rewards

Monetary rewards are tangible incentives linked directly to performance and outcomes.
Examples include:

• Performance bonuses
• Sales incentives
• Profit-sharing plans
• Gift vouchers or cash rewards

These rewards are often structured, measurable, and tied to KPIs.

Non-monetary rewards

Non-monetary rewards focus on employee experience rather than direct financial gain.
Examples include:

• Group health insurance
• Learning and development opportunities
• Corporate wellness benefits 

Such rewards are increasingly popular as part of modern rewards and recognition programs.

Formal recognition

Formal recognition is planned, documented, and often organisation-wide.
Examples:

• Employee of the Month
• Annual performance awards
• Service milestone recognition

Informal recognition

Informal recognition is spontaneous and frequent.
Examples:

• Appreciation emails
• Public praise during meetings
• Peer-to-peer recognition on internal platforms
  
  

This form of recognition has a strong emotional impact and boosts everyday motivation.

Download our Rewards and Recognition Policy to create or refine your organization’s RnR framework.

Examples of rewards and recognition programs

Here are practical examples of rewards and recognition in HR that organisations commonly implement:

• Spot awards for immediate employee recognition of exceptional work
• Employee recognition programs where employees nominate colleagues
• Performance-based annual rewards linked to appraisals
• Wellness-based rewards, such as fitness benefits or mental health support
• Innovation awards to encourage creative problem-solving

These programs help reinforce positive behaviour while aligning employee efforts with business goals.

How HR can measure the success of rewards and recognition

To evaluate the effectiveness of rewards and recognition programs, HR teams should track measurable outcomes such as:

• Employee engagement scores
• Attrition and retention rates
• Productivity and performance metrics
• Participation rates in RnR programs
• Feedback from employee surveys

Tracking these KPIs helps HR refine rewards and recognition strategies and demonstrate ROI to leadership.