Michelle ONeill

1

Reward Systems

• Michelle ONeill
• Nicole Ely
• Sharon Conner
• Angela Watson

2
Reward Programs

• What is a Reward Program?
• An employee reward program is designed to
  encourage employees to make a performance
  difference either individually or through teams.
  It recognizes achievements or accomplishments
  that contribute to the overall objectives of a
  company. The reward can be either monetary or
  non-monetary.

3
Informal Rewards
4
Awards for Specific Achievements
5
Formal Rewards
6
Reward System Strategies

• Involvement
• Demotivators
• Equity
• Reinforcement
• Relevance of Reward
• Goals

7
Rewards Other Than PayJobs as a source of Reward

• Skill Variety
• Task Identity
• Task Significance
• Autonomy
• Job Feedback

8
The perils of idea reward systems

• The problem of accurate measurement.
• Rewards cause idea myopia.
• The problem of fairness.
• Reward programs may tempt managers to behave
  badly.
• Reward programs can create unnecessary overhead.

9

• Seven tests of an effective reward are as
  follows
• Availability
• Flexibility
• Reversibility
• Performance Contingency
• Visibility
• Timeliness
• Durability