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Studies show that recognizing employees for good work is one of the most effective ways to motivate your workforce. But, as a manager, are you giving the right kind of recognition and are you giving it frequently enough?

Every workplace struggles with it. Every manager has to plan for it. It is the "generation shift," the move from the older generations of workers to the younger. Demographic studies prove that the workplace is changing; it is becoming a mix of generations.

Nearly 78 percent of employees surveyed said they believe recognition by their manager for good work is extremely important. The same survey showed that non-monetary recognition –just a pat on the back or public recognition before their peers – was more important than financial reward.