Dear Sir, I m working in TATA MOTORS Dealership In HR Dept. So i want Policy of Rewards And Recognition. pls suggest me.. Regards Mahesh Narwat
From India, Panipat
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1From India, Panipat
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Rewards and Recognition Policy
Rewards should be given for significant outstanding performance that advances unit goals and should be tied to a specific accomplishment. Rewards are most effective when they are meaningful to the individual. Care should be taken in the communication and distribution of rewards so that they are not viewed as entitlements.
Rewards may be designed to reflect the unique nature of the unit's work culture and organizational structure. Rewards should not be substituted for a competitive salary plan. For example, rewards should not be used as a long-term alternative to permanent salary adjustments when these adjustments are appropriate for consistently high performance, significant changes in responsibility, increased value of a position, or internal pay equity.
Rewards are not adjustments to base salary, supplemental compensation, or variable pay programs (such as commission). Rewards should not be used as a substitute for supplies, support services, or training.
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Rewards should be given for significant outstanding performance that advances unit goals and should be tied to a specific accomplishment. Rewards are most effective when they are meaningful to the individual. Care should be taken in the communication and distribution of rewards so that they are not viewed as entitlements.
Rewards may be designed to reflect the unique nature of the unit's work culture and organizational structure. Rewards should not be substituted for a competitive salary plan. For example, rewards should not be used as a long-term alternative to permanent salary adjustments when these adjustments are appropriate for consistently high performance, significant changes in responsibility, increased value of a position, or internal pay equity.
Rewards are not adjustments to base salary, supplemental compensation, or variable pay programs (such as commission). Rewards should not be used as a substitute for supplies, support services, or training.
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