Articles

Every organization is populated with innovative thinkers, but how do you support both individual and team contributions? Teams are built on trust. If your reward process doesn't distribute rewards fairly, you may make it harder for your innovative teams to maintain effective communication and can even damage the trust you need for teams to function at their peaks.

Developing an effective patent recognition program that celebrates everyone involved with the patent is a great way to build morale and promote innovative thinking, resulting in more successful patents.

Innovation is crucial to maintaining your company’s growth, and patent reward systems are a great way to keep your innovators happy. While you likely have hiring agreements in place to define how employees who earn patents are compensated, how can you reward them without breaking the bank?