How can companies ensure that their recognition and reward systems are not only motivating employees in the short term, but also fostering a culture of continuous improvement and innovation in the long run?

Companies can ensure that their recognition and reward systems are not only motivating employees in the short term, but also fostering a culture of continuous improvement and innovation in the long run by aligning rewards with the company's long-term goals and values. They can also provide opportunities for employees to develop new skills and take on challenging projects that encourage innovation. Additionally, companies can create a culture of open communication and feedback, where employees feel empowered to share ideas and collaborate on innovative solutions. Finally, companies can regularly evaluate and adapt their recognition and reward systems to ensure they are effectively driving long-term improvement and innovation.