Compensation
MGMT 3050
Week 10
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Recognizing top performers
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Ways to recognize employees
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Promotions
Raises
Development
Bonuses
Annual/semi-annual
Spot
Spot Bonuses
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Step 1: Define program’s purpose
Step 2: Determine who will be eligible
Step 3: Establish monetary guidelines
Step 4: Establish program expectations (what does the company want to get out of it?)
Step 5: Define what behavior and actions are eligible for recognition
Step 6: Identify exclusions, if appropriate
Step 7: Establish who administers the program (HR? separate committee?)
Establish program procedures and guidelines
Recognition Event
How will you deliver the recognition and award?
For face-to-face employees?
For remote employees?
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Documentation
What is being recognized?
Details of performance
Comments
Date
Details of award/recognition
Put in employee file
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What motivates people?
Get to know YOUR employees to know how they want to be recognized and rewarded
Set clear goals, provide coaching and feedback, and reward achievements
What motivates you?
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Marketing an Employee Recognition Program
Professor Amos, Johnson & Wales University
Develop a brand (e.g. GEM: Go the Extra Mile)
1
Choose communication channels (In person employees? Remote? Office? Multiple locations?)
2
Create launch plan
3
Potential Pitfalls
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Small group discussion
List things employees should be recognized for
Professor Amos, Johnson & Wales University
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