Reward Policy - Organizational Performance

Dear All,
I am designing reward policy for engineers, group leaders & above level best on there quarterly performance. This will help me to motivate people as wall as retain them in organization.
Your help is required to define such policy.
Regards,
KCR

KCR, You will need to ask yourself and answer a number of questions first. Some of these are:
-What rewards are most meaningful for your employees? –money, recognition, awards?
-How are employees currently rewarded?
-What is your company’s budget for the new system?
-Will rewards be conditional on overall company performance?
-How is employee performance currently evaluated?
-How should employee performance be evaluated?
No rewards and recognition program operates in a vacuum. What is best for your company depends on what went before and your organization’s context. The above questions will hopefully help you think through what is best for your company.
You can find more on employee reward and incentive systems at http://www.businessperform.com/html/...anagement.html
Vicki Heath
Human Resources Management Resources
http://www.businessperform.com