Designing a Reward System

We feel that with us moving forward as a team oriented company we need to reward our teams when they go above and beyond. So here is how we will structure our new monthly incentive plan:

Pay and reward systems exist in the form of pay, bonuses and benefits, financial and non-financial and designed to improve performance, increase motivation, staff retention and increase profitability. Appreciation and gratitude is widely received as reward and the opportunity for training and development for career progression.

In each of the following six paragraphs there is a description of one of six features of an effective total rewards program that will motivate a sales force to produce the highest number of clients.

Specific Praise. Specific praise includes verbal or written statements to a student that recognize a desired or correct behavior. Praise can function as a tool for instruction and for increasing social and academic behaviors. To be effective, the student must view the attention provided through praise as pleasurable or motivational (Curran, 2017). Specific praise promoted more on‐task behavior than positive praise and significantly increased academic self‐concept (Bizo, 2004). Offering specific praise will help Sam because it sends a message that the teacher is aware of the effort he is putting into staying on task. As time goes on, Sam will desire the teacher’s positive statements. He understands that the statements are the result of him remaining on task and reaching his six-week goal. Sam will also develop an understanding of how to meet the teacher’s expectation. In the end, Sam will mature and advance in his academics. As he matures, the need for constant specific praise will become unnecessary. The added benefit of specific praise is to the teacher. The high levels of stress and emotional exhaustion while attempting to teach in the classroom with Sam will diminish as he progresses.

Employee motivation and performance management depends on a good system that offers both financial and non-financial rewards (non-monetary rewards). The purposes of rewards within a performance management system helps:

Recognize & Reward Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

I believe it's important to improve a weakness because the result can bring an abundance of rewards. I personally struggle with science, and I want to major in pre-veterinary studies or animal science. That's might be difficult, due to the fact that veterinary medicine is based on science; however, being a vet is something I've always dreamed of doing, so I will do anything I need to. The importance of improving on a certain subject can make your dreams more possible with some hard work, so go out there and put forth the effort needed in order to be successful. You will find that all the things you did in order to improve will always be to your benefit in the

Reward Management (RM) has been defined as the distribution of monetary and non-monetary rewards to employees in an effort to align the interests of the employees, the organisation, and its shareholders (O’Neil, 1998). In addition O’Neil (1998) also suggests that a RM system can serve the purpose of attracting prospective job applicants, retaining valuable employees, motivating employees, ensuring legal requirements relating to direct and indirect rewards are not violated, assisting the company in achieving human resource and business objectives, and ultimately assisting the organisation in obtaining a competitive advantage.

Key Finding 1: Approximately 90% of companies maintain some type of reward and recognition program. The majority of companies use these programs to create a positive work environment, improve employee morale, and motivate high performance. Research suggests that when designed and implemented properly, reward and recognition positively affects an organization’s bottom line. The Majority of Companies Maintain a Reward and Recognition Program According to a 2003 survey conducted by WorldatWork and the National Association for Employee Recognition (NAER), the majority of companies maintain

I agree with your solution to incentivize employees with social recognition awards. As already stated, social recognition awards will boost morale and give an individual as sense of pride, especially if presented amongst peers. Once an individual has received a social recognition award, it motivates the individual strive for more. Even more, the peers of the recipient will aspire to be recognized as well. Furthermore, social recognition awards can have an indelible effect and feels more tangible than money, because the sentiment from award can make an individual feel validated within an organization.

Recognizing employees for accomplishments such as finishing a major project, reaching sales targets or providing excellent customer service can be an important motivating factor. Set goals for workers to strive for and offer rewards for reaching them. This could be in the form of an employee of the month scheme, a bonus, or a promotion. Some companies conduct meetings where employees are recognised for good work in front of their colleagues. This can help motivate all the workers in the business to strive for success.

The coach adopts the use of rewards such as games with a scoring system, allowing students to progress when they can perform a skill and giving a long term goal, the floor routine assessment. He uses this in order to channel the competitiveness in the students and give those rewards for completing tasks, Reece & Walker (2007) acknowledge these characteristics in teaching as behaviourism. This external reward system is acknowledged by the likes of Pavlov (1927), Watson () and Thorndike () in their conditioned learning studies. This theory is used over the likes of constructivists and social as it provides a simple outcome for all students in the shape of a reward, the rewards can be used to stimulate all stages of learners form cognitive to autonomous (Center for research on learning and teaching, 2015). Both Pavlov (1927) and Watson during their experiment fostered the use of punishment when the outcome was not obtain, by doing so they hoped to achieve quicker learning and reduce the level of failure in their subjects. However the coach does not use this approach and favours the approach of Thorndike () who acknowledges, the use of punishment causes discomfort and unwillingness to perform. Therefore the use of conditioned learning is used as a stimulus but not as a discouragement, the coach’s objective is to use the appropriate stimulus to motivate and develop students and uses this theory for this method only. By using this theory the lessons are very much controlled, in

As cited in Zhou, Zhang & Montoro-Sa ́nchez (2011) reward management is a key function in HRM systems in modern enterprises, playing an important role in attracting, retaining and motivating employees (Milkovich and Newman, 2004). Furthermore, Schuler and Jackson (as cited in Esteves & Caetano, 2010) state that the focal point of success of companies today is centered on the effective use of human resources.

To motivate employees to work towards reaching organizational goals, managers frequently depend on some form of enticement. Beyond monetary compensation, awards and additional types of acknowledgment can be given, and the ability to choose a work schedule is a possibility. A reasonable pay system, which would be an incentive for individuals and groups to achieve organizational goals, is a hardship manager’s face (Jones & George, 2011). Within the company that I work for, every quarter awards are presented to Customer Service Agents who have maintained a 95 percent or above quality score. Monetary awards are given out as well as time off coupons.

There are several different methods for rewarding performance as well but rewarding performance methods fall into several different categories. There are intrinsic rewards, extrinsic rewards, financial rewards, non-financial rewards, performance-based rewards, membership-based rewards, and many other rewards.