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Employee Rewards Program
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Employee Rewards Program
Discuss workforce management, performance management, retention, communication, motivation, contributing to business results and other topics.
I am looking for ideas for an Employee Rewards Program in a new technology company of about 100 employees. I'm looking for something more inventive than employee of the month. We are looking to reward
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Forums » Topic Forums » General Forum » Employee Rewards Program
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Employee Rewards Program
posted at 10/11/2000 4:23 AM EDT
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Posts: 1
First: 10/11/2000 Last: 10/11/2000 |
I am looking for ideas for an Employee Rewards Program in a new technology company of about 100 employees. I'm looking for something more inventive than employee of the month. We are looking to reward leadership and innovative thinking as well as committment to teamwork (hence the possibility of a "team" reward).
From all my research I have not been able to find anything. Help! |
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Employee Rewards Program
posted at 10/15/2000 3:22 PM EDT
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Posts: 18
First: 3/30/2000 Last: 5/30/2002 |
First of all, get an executive sponsor!!! Someone who is trusted and who can put the money where their mouth is.
STEP 1: Define purpose of Program STEP 2: Define criteria (ensure it is Both transparent and measurable) STEP 3: Determine Levels of rewards - individuals, teams, departments STEP 4: Ask employees what types of rewards (monetary and non monetary) will motivate them STEP 5: Pilot program STEP 6: Evaluate, adapt and Roll out |
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Employee Rewards Program
posted at 3/11/2010 6:11 AM EST
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Posts: 2
First: 3/11/2010 Last: 3/15/2010 |
Hey guys,
Employee rewards is a complicated fields where differences in personality as well as equity play a role. You need to know what every person values, and then create a reward scheme where everyone feels that they are getting rewarded in accordance to their efforts. There's another thing; do you reward efforts, or results? Someone with luck can get the bonus while someone who's been working his ass off, nothing. That sucks! On the whole, I would be very careful with employee reward schemes. They're expensive and have just as much chance as backfiring as creating more motivation. There are other things you can do to get people motivated and your productivity rising. Two processes I personally identified are growth, and contribution. To explain them in detail would take me too long so you can check out more information about it here: http://www.yourcoach.be/en/employee-motivation-ebook/ |
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