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Reward

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2 to 4% of Base Salary, Based on Level. Tied to Achieving Objective's That Are ... Various businesses, Dunkin Donuts, Fridays, Home Depot, Home Goods, Walmart, ... – PowerPoint PPT presentation

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Title: Reward


1
Reward RecognitionJeff Allar, Sr. HR Director
2
Stonyfields Mission
3
(No Transcript)
4
Common Characteristics
  • Linked to Our Mission
  • Linked to Our Strategy

5
Reward Programs
  • Hourly Incentive Program (HIP)
  • Non-Exempt Plant Workforce
  • Tied Directly to KPIs
  • Up to 3 of Base Pay Quarterly
  • Profit Sharing
  • Exempt Employees
  • 3 or 4 Bonus Based On Level
  • Includes an Environmental Component

6
Reward Programs
  • Short Term Incentive Programs
  • Management by Objectives (MBOs)
  • 2 to 4 of Base Salary, Based on Level
  • Tied to Achieving Objectives That Are Tied to
    the Overall Business Strategy
  • Sabbaticals!
  • Eight Weeks Paid After Five Years of Service
  • Other Programs
  • Challenge Initiatives, Especially Focused on
    Safety

7
Recognition Programs
8
SPOT Awards
  • Eligibility
  • Hourly employees
  • Awards
  • Gift Cards - 30 value
  • Various businesses, Dunkin Donuts, Fridays, Home
    Depot, Home Goods, Walmart, Hannaford, Best Buy
  • Purpose
  • Performance recognition
  • Reinforcement of desired behaviors with close
    time proximity between behavior reward
  • Supervisor direct involvement in reward process
  • Simplified administrative process and checklist
    for ease of nomination
  • Employee choice of awards

9
  • Above and beyond
  • Ways earned
  • Set a positive example for others in their
    department and/or the company - They showed
    outstanding teamwork
  • Willingly offered their time and effort to get a
    job done that is outside of their job
    responsibilities.
  • A particular action saved the company time,
    money, energy and/or resources.
  • Process for nominating someone
  • Any employee can nominate any other employee
  • The supervisor of the nominated employee reviews
    nomination and is then reviewed by HR.
  • Then nomination is approved by the ET member for
    that employee
  • Approved by the CEO - Yo.
  • Recipients earn a certificate and will be given
    125.

10
  • Given to employees who are recognized as
    consistently performing well beyond the scope of
    their job.
  • Nominations are made by Executive Team to our
    CE-Yo who selects recipients
  • Recipients earn 200 and a certificate of
    recognition.

11
Gurt Mission Awards
  • Recognizes excellence in living Stonyfields
    Mission
  • Can be nominated by Executive Team
  • Approved by CE-Yo
  • Recipients receive a Certificate, Cow Statue and
    250

12
Service Awards
  • 5 years 150
  • 10 years 500 and a chair
  • 15 years 750 and a pen and pencil set
  • 20 years 1000 and a cow clock
  • 25 years Cow clock

13
(No Transcript)
14
Thank You!
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