Creative Employee Rewards Recognition plans

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Employee engagement and retention is directly correlated to the care and concerns management show in the behaviour Setting up a good effective recognition program helps to achieve this goal. this was implemented with success please leave your comments without fail retweet, if you liked it. For more ideas in my book Different strokes-employee reward recognition [lans in amazon

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Setting up compelling Rewards Recognition programs:

Setting up compelling Rewards Recognition programs Dr.sarma

What is covered:

What is covered Why do this? The Goal Strategy Method The rewards plans Budget What is the gain dr.sarma 2

PowerPoint Presentation:

Any action called recognition should keep in mind That there is power in Acknowledgement Appreciation touches powerfully the emotions if done sincerely What recognition can do?

PowerPoint Presentation:

Sincere- spoken and body language while rewarding must reflect authenticity Fair and Consistent- not tool for favor Timely- instant execution Frequent- as often and not once in blue moon or when you like to do Flexible- not too many conditions/rules Appropriate- relevant to the driver Specific --one goal per reward not too many things to even qualify Seven critical success factors:

PowerPoint Presentation:

Reinforces desired behaviors , practices, principles, and values. Gives the ability to show appreciation Builds self-esteem. Promotes trust and respect. Facilitates and encourages change. Drives improvement. Creates positive work environment . Improves the quality of work life. Benefits of installing effective recognition:

PowerPoint Presentation:

9. Motivates individuals and teams to do their best. 10. Enhances loyalty. 11. Creates a brand 12. Addresses the basic human need to feel appreciated. 13. Reflects commitment to each other. 14. Inspires accomplishment and achievement. 15. Empowers individuals and teams 17. Drives out fear. 18. Improves the bottom line. Benefits of effective recognition

PowerPoint Presentation:

dr.sarma 7 Reviewing 128 studies on the effects of rewards  Deci et al. (1999, p. 658) concluded that: “tangible rewards tend to have a substantially negative effect on intrinsic motivation (…) Even when tangible rewards are offered as indicators of good performance, they typically decrease intrinsic motivation for interesting activities.” Rewards have even been found to make people less creative and worse at problem solving Word of caution

The Social psychology behind Rewards:

The Social psychology behind Rewards Like it or not, we're wired to bond, and most of us experience the workplace first as a social setting. This is what makes recognition so powerful: celebrating stories about accomplishments with co-workers and managers makes people feel more appreciated. dr.sarma 8

The categories- psychology behind reward:

The categories- psychology behind reward The Collector:  It's human nature to gather things and status. Plaques with years of service appeal to the desire for status. Other types of incentive programs tap into this drive as well, motivating people through their desire to acquire more possessions. The Killer:  People are biologically motivated to defend what is theirs. The winner of last year's "Top in Sales" title isn't going to let it go without a fight. Seed 1 player never easily let goes; And employees engaged by strong recognition programs will work hard to protect their company against competitive threats. dr.sarma 9

Typical management dilemma-Cash or non cash?:

Typical management dilemma-Cash or non cash? Researchers have shown it's physically more likely for the brain to access a real image from the right brain . Symbolism is more long lasting in mind dr.sarma 10

Cash Incentives::

Cash Incentives:   are abstract numbers, not a clear image, so they're stored in the left, logical side of the brain and accessed less frequently and in less detail.  dr.sarma 11

Best Strategy- Go Long/Spread wide to Send a Strong Signal :

Best Strategy- Go Long/Spread wide to Send a Strong Signal The longer the duration, the greater is the chance that employees get our message and make positive behavioral change Cover as many as we can-to create engagement dr.sarma 12

Peer Recognition:

Peer Recognition This type creates "culture of peer recognition " not the boss but people who are hierarchal equal give each other praise or rewards for good work dr.sarma 13

PowerPoint Presentation:

Employees get handed rewards instantly by immediate supervisor , "on the spot" when direct reports strong performance. Empowers immediate supervisor Ensures promptness/timeliness dr.sarma 14

What the leaders do:

What the leaders do Hewlett-Packard Idea Generation The Golden Banana Award is one of Hewlett-Packard's most prestigious honors for inventive employees. It began when a company engineer burst into his manager's office with the answer to a problem they'd been struggling with for weeks. The manager searched his office for a way to mark this accomplishment, but all he came up with was a leftover banana from lunch. Still, he handed over the banana and said "Well done! Congratulations !" dr.sarma 15

AT&T Employee Recognition :

AT&T Employee Recognition At AT&T Universal Card Services in Jacksonville, Florida, paper is the key element for World of Thanks, one of their most popular programs. The program helps create a culture of recognition and higher performance in a simple way: anyone in the company can write a message of thanks to someone else and send it. To make it official, employees use a sheet from a globe-shaped pad of colored paper. In four years, employees at AT&T have written more than 130,000 thank you notes.  dr.sarma 16

Walt Disney World Employee Recognition :

Walt Disney World Employee Recognition There are 180 different employee recognition programs at Walt Disney World in Orlando, Florida. One of the most coveted is the Spirit of Fred Award. It's named for Fred, who advanced from an hourly to salary position by exemplifying the values necessary for success at Disney: friendly, resourceful, enthusiastic and dependable. Fred makes each award (a certificate mounted on a plaque) as well as The Lifetime Fred Award, a bronze statuette of Mickey Mouse given to multiple recipients of the Spirit of Fred Award . dr.sarma

Producers Assistance Safety Program :

Producers Assistance Safety Program Producers Assistance Corporation provides contract personnel to the oil and gas industry, an area where employee safety is critical. To refresh their safety program, they chose reloadable gift cards as an incentive. Here's how it works: when an employee takes an action, like attending a safety meeting, points are loaded onto their card. The lure of point collecting (and spending) has focused employees back on doing the right thing? to be safe. After a 6-month trial, participation had more than doubled and there was a significant decline in the incident rate.  dr.sarma 18

Pharmaceutical Merger Reward Program :

Pharmaceutical Merger Reward Program During the merger of two pharmaceutical giants, a task force was charged with making the transition a smooth one. Members worked nonstop over six months, planning how to blend operations of the two companies. The team was rewarded for its sacrifices with gift cards that were, literally, the gift of time. The personalized cards were hand-delivered with a letter from the project leader, and gave recipients their choice of services: housecleaning, lawn care, carpet cleaning, pest control, and more.  dr.sarma 19

Case example:

Case example dr.sarma 20

Recommendation-1:

Recommendation-1 Each manager gets to give spot awards max 12 per annum for the team members- Eligibility-All employees other than managers ---Rising above and beyond of duty ---Promoting Bodh Tree brand ----Act that got customer appreciation ----Extending help to team member o solve any problem Type of Reward- $ 20 gift card with appreciation letter --manager notifies the employee/ recipient and informs HR Process-HR mails card with appreciation note dr.sarma 21

Recommendation 2:

Recommendation 2 Half yearly- award 4 awards Eligibility-all Full time Employees consultants exhibiting extraordinary technical skills and or initiative to solve difficult technical issues Manager nominates to the Reward committee who decides Value- 200$- and Appreciation letter dr.sarma 22

Recommendation 3-:

Recommendation 3- Long innings in 2015 no budget required this year Eligibility-Any Fulltime employee who completes 5 years of continuous service- Value- 1000$- for family outing with in usa one additional paid vacation- to be used with in one year of completion date HR owns and administers Budget-nil dr.sarma 23

Recommendation4:

Recommendation4 Celebrate Marriage/Child birth Eligibility- All employees Gift of flowers gift card value$100- HR to be notified by employee HR administers Budget-2000 dr.sarma 24

Recommendation-5:

Recommendation-5 Annual award- Eligibility- All employees iconic award Given to one employee who exhibits all round loyalty, lives company values, promotes company image, extraordinary performance on the job.; peer admiration. Exemplary Leadership qualities Value $1500 Nomination to be filed by any manager- can nominate any one with specific details/substantiation as to why the person deserves to the rewards committee by12-01- every year Committee decided by 12/25 and announcement is made and celebrated in Christmas dr.sarma 25

Recommendation-6:

Recommendation-6 to encourage Emerging leaders Eligibility-All employees Frequency-Annual Nomination by Reporting manager Criteria– any exhibition of leadership qualities , pro activeness, initiatives that resulted in customer delight, more business, enhanced team work, etc. Reward amount- 1000/- to be spent for any external training nomination approved by manager/HR Dr.sarma 26

summary:

summary Communication Managers’ education Transparency Consistency timeliness Dr.sarma 27

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