Hi... This is Vandana Mehta. Can any one please send me the award & reward policy asap. i want to fill the same for our employees. Thanks in advance.
From India, Delhi
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5From India, Delhi
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Hi Vandana, Attached recognition and reward policy. All the best in rolling out Regards, Ron
From Netherlands
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From Netherlands
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Please consider the draft policy as a starting point and customize it to align with the type, culture, business, and objectives of your organization to have a Rewards and Recognition (R&R) system in place.
Understanding Rewards and Recognition
Rewards are predominantly monetary in nature, while recognition consists of non-monetary acts or initiatives. Predominantly, R&R aims for employee motivation. It is a positive reinforcement for the act, task, or behavior demonstrated by an employee. The organization desires that such behaviors or accomplishments should be repeated by the same employee, and many more should be encouraged to follow the same.
Setting Priorities for R&R
Now, you have to decide what the present priorities of your company are. It could be cost containment, energy saving, environmental awareness, creativity, safety, etc. Your R&R policy or scheme should be such that it motivates employees to achieve objectives in these areas.
Operational Considerations
Other fundamental operational issues one needs to keep in mind are that the scheme should be transparent, unbiased, uniform across all levels, and the sincerity of management should be reflected in the institutionalization of the scheme, or else you will soon see it die in its nascent stage.
Regards,
Shailesh Parikh
Vadodara, Gujarat
[Phone Number Removed For Privacy Reasons]
From India, Mumbai
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Understanding Rewards and Recognition
Rewards are predominantly monetary in nature, while recognition consists of non-monetary acts or initiatives. Predominantly, R&R aims for employee motivation. It is a positive reinforcement for the act, task, or behavior demonstrated by an employee. The organization desires that such behaviors or accomplishments should be repeated by the same employee, and many more should be encouraged to follow the same.
Setting Priorities for R&R
Now, you have to decide what the present priorities of your company are. It could be cost containment, energy saving, environmental awareness, creativity, safety, etc. Your R&R policy or scheme should be such that it motivates employees to achieve objectives in these areas.
Operational Considerations
Other fundamental operational issues one needs to keep in mind are that the scheme should be transparent, unbiased, uniform across all levels, and the sincerity of management should be reflected in the institutionalization of the scheme, or else you will soon see it die in its nascent stage.
Regards,
Shailesh Parikh
Vadodara, Gujarat
[Phone Number Removed For Privacy Reasons]
From India, Mumbai
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Ron has shared the document you were looking for. May we ask which sector your firm is in and what the employee strength is? The policy you need to design should address the motivational needs of your employees. What are the top reasons you are aspiring to address with this initiative?
Thank you.
From India, Mumbai
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Thank you.
From India, Mumbai
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HR-Policy-024 - Employee Recognition Policy - 30-07-2012.docx
HR-Policy-036 - Employee Transfer Policy - 11-10-2013.pdf