Rewards And Recognition

Reward & Recognition External Data ,[object Object],[object Object],[object Object],2006 2007 Cnbc survey -2008

The Four Elements P O R T raise pportunity hank you espect

PROGRAM PURPOSES ,[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],The Nature of Reward system

[object Object],[object Object],[object Object],[object Object],[object Object],A MODEL OF REWARDS SYSTEM

Total Rewards Components + + + = Total Rewards Benefits Reward and Recognition Variable Pay Base Pay

R&R Overview 14 Base Pay Bonus Benefits Equity Rewards & Recognition Top objectives for R & R programs include motivating high performance, reinforcing desired behaviors and creating a positive work environment. R & R programs have grown over the years from informal “thank you’s” to plans with a written strategy and more defined budget.

What is Recognition? ,[object Object],[object Object],[object Object]

Why Focus on Recognition? ,[object Object],[object Object],[object Object],[object Object]

Recognition in General ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Evidence from Best Employer Studies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Recognition types ,[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],Design Goal: Peer Recognition

[object Object],[object Object],[object Object],[object Object],Design Goal: Formal Recognition

Achievements Recognized by Fortune’s 100 Best Companies to Work For Percent of Companies

Awards Used by Fortune’s 100 Best Companies to Work For Percent of Companies

Reward & recognition approach –outcomes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Future Reward and recognition Challenges ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Reward and Recognition Program Design ,[object Object],[object Object],[object Object],[object Object],[object Object]

Trends and Best Practices ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Characteristics of Successful Programs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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