5 Posts found for Keyword: rewards

Google appears to have discovered a way to pay people for being helpful without making it transactional. The company invites employees to nominate colleagues who have been helpful to receive small cash rewards. By making the rewards a product of peer nomination, Google converts a cash payment into a symbol of appreciation. As a result, people are less likely to see the reward as cheapening … [ Read more ]

Authors: Madan Pillutla, Nirmalya Kumar | Source: Pay for Performance: When Does It Fail? | Original Publication: Management and Business Review (MBR) | Subjects: Human Resources, Organizational Behavior | Company: Google

One of the easiest and most effective programs to initiate is peer recognition. Peer recognition gives employees the power to reward each other for doing a good job. It works because employees themselves know who works hard and deserves recognition. After all, managers can’t be everywhere all the time, and employees are in the best position to catch people doing the right things.

For example, in … [ Read more ]

Author: Gregory P. Smith | Source: Reward and Recognition Programs Increase Employee Motivation | Subjects: Management, Organizational Behavior

The size of your organization and the age of your workforce dictates which type of rewards and recognition program works best. One organization improved motivation and almost eliminated turnover by creating a family environment including special incentives.

Every year employees celebrate their work anniversary with a cake and receive $100 for each year employed made out in a check.

Twice a year employees’ children receive a … [ Read more ]

Author: Gregory P. Smith | Source: Reward and Recognition Programs Increase Employee Motivation | Subjects: Human Resources, Management, Organizational Behavior

E. Tory Higgins, the Stanley Schachter Professor of Psychology at Columbia University, argues that one of two states tends to dominate the way we think: a promotion focus or a prevention focus. The basic distinction is really to do with when you’re pursuing goals or making decisions. The promotion state is when you think of your goal as something to accomplish, something to aspire to; … [ Read more ]

Author: E. Tory Higgins | Source: What’s My Motivation? | Original Publication: strategy+business | Subjects: Leadership, Management, Organizational Behavior

Studies have shown that staff at different stages in their career favor different benefits, for example younger staff may tend to favor cash rewards rather than pensions. Companies can overcome these discrepancies by developing flexible “pick and mix” benefit options. An example of this is a points based system where staff at different levels qualify for varying levels of points; these points can … [ Read more ]

Author: Dani Novick | Source: Motivation – A Recruiter’s Perspective | Original Publication: LeaderValues | Subject: Human Resources