Showing posts with label REWARDS. Show all posts
Showing posts with label REWARDS. Show all posts

INCENTIVES


The following systems, when properly structured and administered, are very cost effective and contribute directly to a company's profitability through various improvements. In no particular order, these proven systems are: pay-for-performance, perfect attendance, service awards, and continuous improvement programs. Pay-for-performance recognizes employees for their performance on the job and should include such criteria as quality of work produced, productivity, attendance, initiative, job knowledge, and safety. An attendance policy should establish rules to define when employees are to be on the job and when they are excused from their job. This may seem like a basic idea, but it is surprising how many companies do not have an established and documented policy on absence from the job. 

When there is no written policy, there is no consistency, and this leads to dissatisfied employees who see management as untrustworthy or at the very least prone to favoritism. A service awards policy recognizes employees for their length of service with the company and can be very rewarding in enhancing employee esteem and fostering employee loyalty.

RECOGNITION AND REWARDS




Management has the responsibility to provide an environment for the work force that is safe and environmentally clean. This environment should also lay the foundation for supporting the employees' quality of work life. Once this foundation has been established, management must develop a recognition and rewards program designed to improve and maintain employee job satisfaction.

A three-tiered system should be developed that includes:

(1) day-to-day recognition,
 (2) informal recognition, and 
(3) formal recognition programs. 

The best way to get started is to create a steering committee made up of staff management.

This committee can define the scope of the program and establish guidelines to be followed by employee teams established to implement the program. Employee teams should include participants from all levels of the organization.

The steering committee can set the scope of the program to include as many systems as they feel the company can support and effectively manage, but some systems should always be included because of their proven effectiveness.