| In the present corporate world, workers place | | | | the following ideas. |
| themselves in an elevated platform as far as | | | | Offer employees with higher roles or job enrichment |
| competition, connection, and significance in the | | | | trainings. Come up with a "shout" board or message |
| organizational chart are concerned. A big chunk of | | | | board where every team member in the company |
| that expectation comes from the rewards and | | | | can post their praises and shouts to their fellow |
| recognitions that they get from their job and | | | | member who just did a great job. Come up with cool |
| achievements. Actually, surveys and polls reveal that | | | | rewards and freebies to a team member who is |
| appreciation, recognition, and importance to the | | | | consistent in his good performance, like the "most |
| corporate organization are far more important to an | | | | punctual" or "most productive" in the group. The |
| employee than getting good compensation. This is | | | | reward, however, should be something that the |
| where the topic of HR rewards comes in. | | | | recipient or the employee could share with his friend |
| In most organizations that thrive within the years | | | | or spouse. In fact, make it a point that the reward is |
| 1980 and 1990, when the budget of every company | | | | something that the employee can share with other |
| was still quite small, rewards and recognitions were | | | | people, even his teammates. This promotes |
| simply in the guise of big fat yearly bonuses. | | | | awareness and entices other team members to |
| Moreover, it could be in the form of free trips to | | | | excel in their work as well. The reward can be |
| Jamaica for those who topped their performance | | | | anything, such as lunch for two, movie passes, even |
| that year. Rewards like those are, in reality, very | | | | tickets to a sports event or a concert event. |
| costly for most businesses that constantly face rising | | | | Other choices for rewards can be time off or a |
| operational costs and battle through profile margins in | | | | vacation package with pay. Come up with a paid |
| a world of hyper-competition. | | | | holiday prior to or after the weekend. Consider a |
| This has never been truer today. However, with the | | | | short vacation holiday; this could be a four-day |
| right tools, options, and decisions, even the small | | | | straight trip to a beautiful beach, or it could be a spa |
| business entity can afford to give their a-lister | | | | vacation, whatever works! |
| employee a very head-turning reward. Here are some | | | | For companies with satellite offices and workplaces, a |
| tips on how to do this. | | | | letter of recognition can be a great morale up-lifter to |
| First, limit the cash bonuses to yearly performance | | | | anyone who excels in his field. This letter should be |
| evaluations through a form of a bonus plan. The | | | | something that the supervisor can read to the whole |
| bonus scheme must have a direct link to the fiscal | | | | team. |
| performance of the business. Come up with reward | | | | Find and come up with other creative HR rewards |
| programs for the business that constantly | | | | that can improve productivity and boost the morale |
| acknowledge the good job and solid involvement with | | | | of the employee, while not spending too much on |
| straightforwardness as the focus. When coming up | | | | money and energy. |
| with good reward systems, take into consideration | | | | |