How can companies effectively balance the need for fair and inclusive recognition programs with the desire to incentivize high performance and excellence among employees?

Companies can effectively balance the need for fair and inclusive recognition programs by ensuring that all employees have equal opportunities for recognition based on their contributions and achievements. This can be achieved by implementing transparent and objective criteria for recognition. To incentivize high performance and excellence among employees, companies can offer rewards and incentives that are tied to specific performance metrics and goals, rather than subjective evaluations. Additionally, companies can create a culture that values collaboration and teamwork, where recognition is given not just for individual achievements, but also for contributions to the overall success of the team or organization.