designing employee rewards

Feb 3rd, 2012
Studypool Tutor
California International Business University
Price: $10 USD

Tutor description

this ppt gives creative ideas. combines concepts strategy and actions

Word Count: 1376
Showing Page: 1/27
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

Review from student

Studypool Student
" Wow this is really good.... didn't expect it. Sweet!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors