Documente Academic
Documente Profesional
Documente Cultură
Rewards
&
Recognition
PRESENTERS:
LABRADOR, JESSAHMAE
MONTALES, JAY ANNE MARIE
YOUNG, PATRICIA LEI
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Extrinsic Rewards
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Extrinsic Rewards
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Intrinsic Rewards
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Rewards, Turnover &
Absenteeism
Merit ratings - A formal rating system
applied to employees.
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• Rewards and Job
Performance
The rewards must be valued by the person, and they
must be related to a specific level of job
performance.
(PERFORMANCE-OUTCOME EXPECTANCY)
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• Rewards & Organizational
Commitment
three attitudes :
a sense of identification with the organization’s goals,
a feeling of involvement in organizational duties, and
a feeling of loyalty for the organization.
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• Primarily to motivate the employees to greater
performance.
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A Model of Rewards
System
Rewards Objectives
Any organization reward system has three behavioral objectives:
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Why Rewards are given
• Express appreciation
• Recognize value
• Retains employee
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The Benefits of a Total Reward System
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Incentives
• a great way to reward effort and behaviors which the
organization wishes to encourage.
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Four Reward Approaches
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Advantages :
• allows employees to play an active rather than a passive role
in deciding on the allocation of fringe benefits.
• employees receive the benefits of greatest personal value to
them.
• make the economic value of fringe benefits obvious to each
employee because they force employees to review all of the
Advantage &
benefits offerings as they make choices.
Disadvantage :
Disadvantage
Administration can become complex and costly. The more
employees involved, the more difficult it is to efficiently
operate the approach.
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2. Banking time off - A reward practice of
allowing employees to build up time-off
credits for such behaviors as good
performance or attendance.
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Advantages :
Can be integrated with performance in that time-off
credits can be made contingent on performance
achievements. Advantage &
Disadvantage :
Organization needs a valid, reliable & equitable Disadvantage
performance appraisal program.
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3. Skill-Based Pay - Wages paid at a rate
calculated and based on the skills
employees possess, display, and
develop in performing their jobs.
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Advantages :
Employees must clearly demonstrate skill before
receiving pay increases.
Disadvantage :
Advantage &
Training costs to upgrade employee skills are higher
than under conventional pay systems. Labor costs if
employees learn many skills. available. Employees may
Disadvantage
“top out.”
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4. Gain sharing - A formula-based group
incentive plan in which employees share
in an organization’s financial gain from
improved performance.
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Characteristics of Gain Sharing
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Advantages :
Can enhance teamwork. Employees focus on
objectives, learn more about the organization, and may
be more productive. Advantage &
Disadvantage :
If plans focus only on productivity, employees may ignore
Disadvantage
other important objectives.
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Steps to an effective
reward system
1st Step. Determine the Result.
-first you need to establish the end goal.
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Steps to an effective
reward system
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Steps to an effective
reward system
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Recognition
Recognition is any thought, word, or deed towards
making someone feel appreciated for who they are and
recognized for what they do.
Why focus on
motivators
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Types of Recognition
1. Peer Recognition
2. Formal Recognition
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Peer Recognition