Post by account_disabled on Nov 25, 2023 7:32:40 GMT
The award giving should have solemn character and be performed in presence of the whole personnel. The value of the award should not be adequate to the achieved results. The awards should be of different value.
The candidates for the award should receive a recommendation Industry Email List not only from the immediate supervisor but coworkers as well. Particularly great and positive achievements of employees should be rewarded fast.
The rules and regulations of reward should be clear, transparent, non-confidential, and known to all employees. Praise is a type of reward as well. The expression of appreciation should be practiced in presence of other individuals. It motivates employees and increases their self-esteem.
Types of rewards
While deciding on the method of rewarding the employees one should remember that this is a tool of managerial staff that aims to increase the effectiveness and productivity of employees. The reward can be divided into financial and non-financial. Withing the non-financial awards we can distinguish the awards that can reflect financial value (car, phone, gift card) and those, which don’t reflect any financial value such as public praise.
The most efficient form of non-financial rewards is praise, words of appreciation, and invitation to participate in an interesting project, trip, or training. Among the financial award, the role of premium for the commitment raises in recent years. The other important non-financial motivator is professional development opportunities, which can be seen as a reward, especially if it means that the employer pays for the postgraduate studies of the employee.
internal awards
Before the implementation of the internal award system, the organization has to see the real advantages of such a solution. The most frequently listed benefits of internal awards are:
Better work results, increase in productivity, and effectiveness of realized tasks. Greater work satisfaction for employees.
The candidates for the award should receive a recommendation Industry Email List not only from the immediate supervisor but coworkers as well. Particularly great and positive achievements of employees should be rewarded fast.
The rules and regulations of reward should be clear, transparent, non-confidential, and known to all employees. Praise is a type of reward as well. The expression of appreciation should be practiced in presence of other individuals. It motivates employees and increases their self-esteem.
Types of rewards
While deciding on the method of rewarding the employees one should remember that this is a tool of managerial staff that aims to increase the effectiveness and productivity of employees. The reward can be divided into financial and non-financial. Withing the non-financial awards we can distinguish the awards that can reflect financial value (car, phone, gift card) and those, which don’t reflect any financial value such as public praise.
The most efficient form of non-financial rewards is praise, words of appreciation, and invitation to participate in an interesting project, trip, or training. Among the financial award, the role of premium for the commitment raises in recent years. The other important non-financial motivator is professional development opportunities, which can be seen as a reward, especially if it means that the employer pays for the postgraduate studies of the employee.
internal awards
Before the implementation of the internal award system, the organization has to see the real advantages of such a solution. The most frequently listed benefits of internal awards are:
Better work results, increase in productivity, and effectiveness of realized tasks. Greater work satisfaction for employees.