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Recognition Philosophy

Babson College has three strategic goals: to be known as THE educator for Entrepreneurship of All Kinds™; to extend our capabilities to the world; and to ensure a fully sustainable financial model for the College.

Rewards and Recognition

We believe supporting the College’s strategy requires alignment and partnership with Human Resources practices as we work determinedly to retain the best and the brightest supported by our rewards and recognition program. By creating an organizational culture of high performance and drive aligned with the College’s strategy, we have designed a recognition philosophy that is agile, engaging, and innovative in order to meet the needs of all of our diverse and multitalented community members.

Babson College is committed to being fair, flexible, competitive, and forward thinking when designing and implementing faculty and staff rewards and recognition practices. The College’s recognition program is designed to:

  1. Recognize employees who excel in their commitment to living the College’s core values
  2. Engage employees through timely and effective recognition of outstanding achievements by their colleagues, managers, and the community
  3. Provide managers with the necessary tools to engage team members both individually and departmentally

Babson considers both monetary and nonmonetary options when rewarding and recognizing employees. Our goal is to ensure that our employees are valued for the contributions they make to our overall success.

Institutional Awards

The 4C’s Award »

Established in 1997, the 4C’s Award honors Babson employees (faculty and staff) who reflect Babson’s core values, strategy, and/or mission in their everyday work.

The Alumni Award for Distinguished Faculty/Administration Service »

Each year, the Alumni Award for Distinguished Service honors a Babson employee (faculty or staff member) who reflects Babson’s core values, strategy, and/or mission in their service to the Alumni Association and its Alumni Community.

The Changemaker Award »

The Lewis Institute’s Changemaker Award is designed to recognize members of the Babson community who have set something in motion in order to create positive change.

Kaplan Sustainability Award »

The Kaplan Sustainability Award was established in 2013 and created to honor Shelley Kaplan, who, in his 12 years of service, led the development of Babson College’s sustainability program, creating significant environmental, social, and economic value at Babson.

Martin Luther King Jr. Leadership Award »

The Martin Luther King Jr. Leadership Award honors members of the Babson community (students, faculty, staff, groups, or organizations) who reflect Dr. King’s principles and ideals in philosophy and action.

The Nan Langowitz Women Who Make a Difference Award »

Sponsored by the Center for Women’s Entrepreneurial Leadership, this annual award honors women whose work has had a significant, positive impact on the Babson community in the last year.

The Walter H. Carpenter Prize »

In 1981, Babson established the Walter H. Carpenter Prize for Exceptional Contributions to Babson College—considered one of Babson’s most prestigious awards for a faculty or staff member.