Awards and Presentations should be: Sincere, Meaningful, Adaptable, Relevant and Timely:
When announcing and presenting awards, take the time and effort to do it right. Doing so will enhance the credibility of the process, make an impression and unlock the emotional commitments that should continue to pay dividends long after the occasion has passed.
A good reward should be:
Sincere – Above all else, a good reward should reflect a genuine expression of appreciation. Token acknowledgements leave something to be desired.
Meaningful – To endure a motivating influence, rewards should be aligned with the values, goals and priorities that matter the most.
Adaptable – The diverse workplace demands alternatives. Consider creative options to keep your program fresh. No single reward format works for everyone all the time.
Relevant - Some personal dimension is essential to a good reward. No matter how formal or informal, expensive or affordable, the relevance of any recognition will be improved with a personal touch – it’s a little thing that makes a big difference.
Timely – It is important that rewards respond to the behavior they are intending to reinforce. Don’t let too much time pass or the reward will be devalued and credibility eroded.
Source: “What makes a good reward?” National Association of Employee Motivation, http://www.recognition.org
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