About This Chapter
Designing Recognition & Reward Programs - Chapter Summary
If your company's executives want to learn how to design employee recognition and reward programs, then this chapter is for them! Present these lessons to your executives at any time to help them learn the essentials of motivating, recognizing and encouraging employees through these types of programs. The chapter offers short lessons that are all taught by expert business instructors, and you can assign these lessons to your executives as time allows.
How It Helps
- Builds awareness: The chapter helps executives develop an awareness of employee motivation, satisfaction and rewards concepts.
- Outlines several types of rewards: Lessons discuss the components of employee reward systems and intrinsic/extrinsic rewards.
- Improves employee performance: By applying the chapter concepts, your executives should be able to help their employees stay motivated and satisfied at work.
By the end of the chapter, your company's executives should be able to:
- Differentiate between intrinsic and extrinsic rewards and explain how they relate to employee behavior
- Identify the nine dimensions of employee satisfaction and motivation
- Analyze incentives and reward systems in employee motivation programs
- Evaluate employee recognition and reward programs
- Analyze a case study about Kronos' unlimited vacation policy
1. Reward Systems & Employee Behavior: Intrinsic & Extrinsic Rewards
Have you ever wondered why some employees are more motivated than others to work at a higher level of productivity? This lesson explains how managers use intrinsic and extrinsic rewards to reinforce positive employee behavior.
2. The Nine Dimensions of Employee Motivation & Satisfaction
High-quality research consistently indicates that employees base their feelings about work on essentially nine dimensions. This lesson lists these dimensions and discusses how they can be adjusted to improve satisfaction.
3. Employee Motivation Programs: Incentives and Reward Systems
Every individual is motivated by different things. Money, awards or even just public praise are all parts of motivation. In this lesson, we will dig a little deeper and look at the forms of incentive and rewards programs.
4. Evaluating Employee Reward & Recognition Programs
This lesson is going to discuss employee reward and recognition programs. You'll learn what they are, how to measure their success, and what traits successful ones have in common.
5. Case Study: Kronos Unlimited Vacation Policy
Kronos found the benefit in an unlimited vacation policy; can your organization? In this lesson, you'll learn more about the pros and cons of such a policy and early implementation steps to begin this type of system.
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