designing employee rewards

Feb 3rd, 2012
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California International Business University
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this ppt gives creative ideas. combines concepts strategy and actions

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SETTING UPCOMPELLINGREWARDSRECOGNITIONPROGRAMSDR.SARMAWHAT IS COVEREDWhy do this?The GoalStrategyMethodThe rewards plansBudgetWhat is the gainDR.SARMA2What recognition can do?Any action called recognition shouldkeep in mindThat there is power inAcknowledgementAppreciation touches powerfully theemotions if done sincerelySeven critical success factors:1. Sincere- spoken and body language whilerewarding must reflect authenticity2. Fair and Consistent- not tool for favor3. Timely- instant execution4. Frequent- as often and not once in bluemoon or when you like to do5. Flexible- not too many conditions/rules6. Appropriate- relevant to the driver7. Specific --one goal per reward not toomany things to even qualifyBenefits of installing effective recognition:1. Reinforces desired behaviors,practices, principles, and values.2. Gives the ability to showappreciation3. Builds self-esteem.4. Promotes trust and respect.5. Facilitates and encourageschange.6. Drives improvement.7. Creates positive workenvironment .8. Improves the quality of worklife.Benefits of effective recognition9. Motivates individuals and teamsto do their best.10. Enhances loyalty.11. Creates a brand12. Addresses the basic humanneed to feel appreciated.13. Reflects commitment to eachother.14. Inspires accomplishment andachievement.15. Empowers individuals and teams17. Drives out fear.18. Improves the bottom line.Word of cautionReviewin

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