How can companies ensure that their recognition and reward system motivates employees to strive for both individual success and contribute to the overall success of the team?

Companies can ensure that their recognition and reward system motivates employees to strive for both individual success and contribute to the overall success of the team by clearly defining expectations and goals for both individual and team performance. They can also tie rewards to both individual achievements and team accomplishments to encourage collaboration and cooperation. Additionally, providing regular feedback and recognition for both individual and team efforts can help reinforce desired behaviors and motivate employees to excel in both areas. Lastly, fostering a culture of transparency, fairness, and open communication around the recognition and reward system can help ensure that employees feel motivated to work towards both personal and team success.