SlideShare a Scribd company logo
1 of 19
Cracking The Employee Reward Code
Actionable Strategies for Designing Highly-Effective Reward Programmes
Strategic
Consulting
Services
Insert your desired text here. This is a
sample text. This is a sample text. Insert
your desired text here. Insert your
desired text here.
Insert your desired text here. This is a
sample text. This is a sample text.
Corporate decisions
Digital transformation
Are your reward
programmes
tailored to meet
the needs of the
recipients
Employee Reward
Programmes…
They are unique programmes designed by
organisations to recognise employees for
their contributions to a company's growth;
Employee reward programme is specifically
designed for a targeted group, in addition to
their compensation and benefits programs.
Effective Employee Reward Programmes
help to keep the team motivated and ensure
that employees feel valued, increase
productivity, employee retention and
engagement.
There is undeniably a business
rationale for rewarding employees,
and it has been demonstrated to be
helpful for companies as it
encourages people to work better,
harder, and smarter and contribute to
the success of the organisation.
When we discuss designing effective employee
reward programmes, one size certainly doesn’t
fit all; what may be a reward to some may be a
punishment to others.
Rewarding employees can be tricky, and a lack
of its understanding can cause employees to feel
punished as well as serve the opposite of what
you hoped to accomplish with reward
programmes.
4
Click here to read: 5 Strategies to Attract and Retain Talented Employees
Rewards…
Rewards may seem positive or
Negative to an employee. Therefore,
business leaders, sponsors or
designers of programmes must
consider what rewards the recipients
would find reinforcing. .
Hence, the reward programme must
be personalised or designed to meet
the specific needs of the individuals
by considering circumstances and
how the recipients will perceive the
award.
Key Challenges of
Employee Reward
Programmes
Here are some of the most common
problems associated with poor reward
programme designs and which can cost its
credibility:
⮚ Reward not understood by employees
⮚ Reward not linked to the company’s
business
⮚ Reward not linked to performance
⮚ Reward not linked to individual
employee needs
NOTE: Clearly defined and communicated
criteria for qualifying for the reward upfront
can help prevent these problems from
occurring
Gaps to mind
When
implementing
reward
programmes
A case when there is peer
pressure concerning an employee
being rewarded
Reward Syndrome
Rewarding the right person with the
wrong reward, the wrong person with
the right reward, or right group with the
wrong reward
Reward Factor
Creating exceptions that
lead to questions about
recipients being deserving of
reward.
Favouritism
Click here to read: 5 Effective Ways of Developing Employees for Performance
Five Levels of Reward Visibility
Individual
Visibility
Worth
Public
Visibility
Reward Sponsor
A private reward with
an individual presenter
(individual’s effort is
acknowledged
privately)
Reward is
presented in front
of colleagues or
teams
Reward is presented
in front of all
employees/workforce
Being rewarded by
the management or
CEO
This is the highest level of
reward visibility (a company
sends employees’ information
to the local paper for publicity)
Antecedent
Behaviour
Consequences
The Classic –ABC –
Behavioural Model
It is a tool that examines human
behaviours, the triggers behind those
behaviours, and their impact on patterns.
Any stimulus before specific
behaviour (The drive)
The actions individuals can do
or engage in (The act)
Any event that occurs after a
specific behaviour
(Positive/Negative Rewards)
Reward vs
Consequences
Reward programmes have an
impact on employees' behaviour.
And these behaviours have
consequences that can be
reinforcements or punishment.
Efforts are rewarded. And they’re
more likely to be repeated if they’re
rewarded, so it is important to think
through the possible unintended
consequences of your proposed
reward programmes.
R-
Negative
Reinforcement
R+
Positive Reinforcement
P-
Extinction
P+
Punishment
Consequences: Reinforcement and Punishment
Click here to read: Improving Employee Performance – Best Practices
Reinforcement
Theory
Positive
Reinforcement
Providing rewards or recognition to
reinforce desired behaviours.
Punishment
Delivering aversive stimuli or
removing pleasant stimuli to
change behaviour.
Negative
Reinforcement
Removing aversive stimuli
to reinforce appropriate
behaviour
Extinction
Removing aversive stimulus
or reward after occurrence
to decrease behaviour
Recognition
Its objective is to let employees
know that their efforts are
valued.
Appreciation
Recognition and
enjoyment of the god
qualities
Gratitude
expressing gratitude to
employees, for their long
service( a retiree situation), and
presenting them with gifts.
01 04 07
Maintenance
Given for the purpose of
maintaining a current level
of performance.
Milestone
For the purpose of
celebrating notable
anniversaries
Motivation
Usually has monetary value
(could be cash bonuses
commissions)
03 06 09
Reinforcement
ensuring that there are positive
consequences in the workplace,
positive feedback, from
supervisors, or peers
Entitlement
providing privileges to a
certain few (corner offices,
travel, privileges, authority,
etc.)
02 08
Inclusion
05
The Nine Types of Reward
Click here to read: Top 4 Reasons for High Employee Turnover (& How to Protect Your Business)
providing privileges for the
purpose of helping employees
develop a sense of belonging
Measure the performance of your reward programmes.
Getting the required feedback from your workers is one
approach to do this.
05
Keep employee reward programs updated, relevant, simple
to understand without making exceptions or complicated
rules.
How do you design an Effective Reward Program?
Establish collaborative instead of competitive reward goals,
this way employees are encouraged and motivated to work
Ensure that your reward programme has a set lifespan. You
must understand that even most well-designed programmes
may eventually lose their appeal to employees.
02
03
04
01
Reward the right attitudes and behaviours in your organisation, such as
exceptional efforts, significant accomplishments, great results, record
performance, completion of a major project or major milestones.
REMEMBER:
Positive Reinforcement has the most effect
on your employees’ behaviour, and efforts
rewarded are repeated.
YOUR BUSINESS YOUR PEOPLE OUR FOCUS
=
Workforce Group
… We go
beyond
What we do
We help organisations solve problems around:
Staff Payroll
Management
Performance management
support
Health insurance management
Executive, Experienced and
Graduate Recruitment
Staff onboarding and
training
Staff records
management
Leave and exit
management
Background
verification
Strategy Development and
Execution
Digital Learning Function Specific
Programmes
Leadership
Development
Digital Content Creation and
Conversion
Assessment and
Development centre
Occupational testing
and Success Profiling
Independent Contractor
Management
Assessor skills training
Professional Employer
Organisation
Employer of Record
Recruitment Process
Outsourcing
Workforce by Numbers
17
Year-old
Startup
8
Businesses
120+
Consultants
20
African Countries
8000+
Outsource
d
Employees
1200-
capacity
Learning
Facility
115+
Computer-
based test
facility
250+
Clients
10+
Industries Served
36
States in
Nigeria
READY TO GET
STARTED?
Visit https://workforcegroup.com/workforce-advisory/
or
Send an email to - hello@workforcegroup.com

More Related Content

More from Workforce Group

Cracking the Optimism vs Pessimism Code.pptx
Cracking the Optimism vs Pessimism Code.pptxCracking the Optimism vs Pessimism Code.pptx
Cracking the Optimism vs Pessimism Code.pptxWorkforce Group
 
Cracking the Workplace Innovation Code.pptx
Cracking the Workplace Innovation Code.pptxCracking the Workplace Innovation Code.pptx
Cracking the Workplace Innovation Code.pptxWorkforce Group
 
Cracking the Learning Management System Code.pptx
Cracking the Learning Management System Code.pptxCracking the Learning Management System Code.pptx
Cracking the Learning Management System Code.pptxWorkforce Group
 
Cracking the Accountability Vs Responsibility Code Main .pptx
Cracking the Accountability Vs Responsibility Code Main .pptxCracking the Accountability Vs Responsibility Code Main .pptx
Cracking the Accountability Vs Responsibility Code Main .pptxWorkforce Group
 
Cracking The Difficult Conversation Code
Cracking The Difficult Conversation CodeCracking The Difficult Conversation Code
Cracking The Difficult Conversation CodeWorkforce Group
 
Cracking The Ownership Mindset Code
Cracking The Ownership Mindset CodeCracking The Ownership Mindset Code
Cracking The Ownership Mindset CodeWorkforce Group
 
Cracking The Collaborative Leadership Code
Cracking The Collaborative Leadership CodeCracking The Collaborative Leadership Code
Cracking The Collaborative Leadership CodeWorkforce Group
 
Cracking The Manpower Outsourcing Code
Cracking The Manpower Outsourcing CodeCracking The Manpower Outsourcing Code
Cracking The Manpower Outsourcing CodeWorkforce Group
 
Cracking The Talent Attraction and Retention Code
Cracking The Talent Attraction and Retention CodeCracking The Talent Attraction and Retention Code
Cracking The Talent Attraction and Retention CodeWorkforce Group
 
Cracking The Customer Support Efficiency Code
Cracking The Customer Support Efficiency CodeCracking The Customer Support Efficiency Code
Cracking The Customer Support Efficiency CodeWorkforce Group
 
Cracking The Leadership Pipeline Development Strategy Code
Cracking The Leadership Pipeline Development Strategy CodeCracking The Leadership Pipeline Development Strategy Code
Cracking The Leadership Pipeline Development Strategy CodeWorkforce Group
 
Cracking The Recruitment Partner Code
Cracking The Recruitment Partner CodeCracking The Recruitment Partner Code
Cracking The Recruitment Partner CodeWorkforce Group
 
Cracking The Situational Leadership Code
Cracking The Situational Leadership CodeCracking The Situational Leadership Code
Cracking The Situational Leadership CodeWorkforce Group
 
Cracking The Content Digitisation Code
Cracking The Content Digitisation CodeCracking The Content Digitisation Code
Cracking The Content Digitisation CodeWorkforce Group
 
Cracking The PEO For Startups Code
Cracking The PEO For Startups CodeCracking The PEO For Startups Code
Cracking The PEO For Startups CodeWorkforce Group
 
Cracking The Corporate Event Code
Cracking The Corporate Event CodeCracking The Corporate Event Code
Cracking The Corporate Event CodeWorkforce Group
 
Cracking The Cognitive Assessment Code
Cracking The Cognitive Assessment CodeCracking The Cognitive Assessment Code
Cracking The Cognitive Assessment CodeWorkforce Group
 
Cracking The Contact Centre Outsourcing Code
Cracking The Contact Centre Outsourcing CodeCracking The Contact Centre Outsourcing Code
Cracking The Contact Centre Outsourcing CodeWorkforce Group
 
Cracking The Leadership Development Programme Code
Cracking The Leadership Development Programme CodeCracking The Leadership Development Programme Code
Cracking The Leadership Development Programme CodeWorkforce Group
 
Cracking the Succession Planning Code
Cracking the Succession Planning CodeCracking the Succession Planning Code
Cracking the Succession Planning CodeWorkforce Group
 

More from Workforce Group (20)

Cracking the Optimism vs Pessimism Code.pptx
Cracking the Optimism vs Pessimism Code.pptxCracking the Optimism vs Pessimism Code.pptx
Cracking the Optimism vs Pessimism Code.pptx
 
Cracking the Workplace Innovation Code.pptx
Cracking the Workplace Innovation Code.pptxCracking the Workplace Innovation Code.pptx
Cracking the Workplace Innovation Code.pptx
 
Cracking the Learning Management System Code.pptx
Cracking the Learning Management System Code.pptxCracking the Learning Management System Code.pptx
Cracking the Learning Management System Code.pptx
 
Cracking the Accountability Vs Responsibility Code Main .pptx
Cracking the Accountability Vs Responsibility Code Main .pptxCracking the Accountability Vs Responsibility Code Main .pptx
Cracking the Accountability Vs Responsibility Code Main .pptx
 
Cracking The Difficult Conversation Code
Cracking The Difficult Conversation CodeCracking The Difficult Conversation Code
Cracking The Difficult Conversation Code
 
Cracking The Ownership Mindset Code
Cracking The Ownership Mindset CodeCracking The Ownership Mindset Code
Cracking The Ownership Mindset Code
 
Cracking The Collaborative Leadership Code
Cracking The Collaborative Leadership CodeCracking The Collaborative Leadership Code
Cracking The Collaborative Leadership Code
 
Cracking The Manpower Outsourcing Code
Cracking The Manpower Outsourcing CodeCracking The Manpower Outsourcing Code
Cracking The Manpower Outsourcing Code
 
Cracking The Talent Attraction and Retention Code
Cracking The Talent Attraction and Retention CodeCracking The Talent Attraction and Retention Code
Cracking The Talent Attraction and Retention Code
 
Cracking The Customer Support Efficiency Code
Cracking The Customer Support Efficiency CodeCracking The Customer Support Efficiency Code
Cracking The Customer Support Efficiency Code
 
Cracking The Leadership Pipeline Development Strategy Code
Cracking The Leadership Pipeline Development Strategy CodeCracking The Leadership Pipeline Development Strategy Code
Cracking The Leadership Pipeline Development Strategy Code
 
Cracking The Recruitment Partner Code
Cracking The Recruitment Partner CodeCracking The Recruitment Partner Code
Cracking The Recruitment Partner Code
 
Cracking The Situational Leadership Code
Cracking The Situational Leadership CodeCracking The Situational Leadership Code
Cracking The Situational Leadership Code
 
Cracking The Content Digitisation Code
Cracking The Content Digitisation CodeCracking The Content Digitisation Code
Cracking The Content Digitisation Code
 
Cracking The PEO For Startups Code
Cracking The PEO For Startups CodeCracking The PEO For Startups Code
Cracking The PEO For Startups Code
 
Cracking The Corporate Event Code
Cracking The Corporate Event CodeCracking The Corporate Event Code
Cracking The Corporate Event Code
 
Cracking The Cognitive Assessment Code
Cracking The Cognitive Assessment CodeCracking The Cognitive Assessment Code
Cracking The Cognitive Assessment Code
 
Cracking The Contact Centre Outsourcing Code
Cracking The Contact Centre Outsourcing CodeCracking The Contact Centre Outsourcing Code
Cracking The Contact Centre Outsourcing Code
 
Cracking The Leadership Development Programme Code
Cracking The Leadership Development Programme CodeCracking The Leadership Development Programme Code
Cracking The Leadership Development Programme Code
 
Cracking the Succession Planning Code
Cracking the Succession Planning CodeCracking the Succession Planning Code
Cracking the Succession Planning Code
 

Cracking The Employee Reward Program.

  • 1. Cracking The Employee Reward Code Actionable Strategies for Designing Highly-Effective Reward Programmes
  • 2. Strategic Consulting Services Insert your desired text here. This is a sample text. This is a sample text. Insert your desired text here. Insert your desired text here. Insert your desired text here. This is a sample text. This is a sample text. Corporate decisions Digital transformation Are your reward programmes tailored to meet the needs of the recipients
  • 3. Employee Reward Programmes… They are unique programmes designed by organisations to recognise employees for their contributions to a company's growth; Employee reward programme is specifically designed for a targeted group, in addition to their compensation and benefits programs. Effective Employee Reward Programmes help to keep the team motivated and ensure that employees feel valued, increase productivity, employee retention and engagement. There is undeniably a business rationale for rewarding employees, and it has been demonstrated to be helpful for companies as it encourages people to work better, harder, and smarter and contribute to the success of the organisation.
  • 4. When we discuss designing effective employee reward programmes, one size certainly doesn’t fit all; what may be a reward to some may be a punishment to others. Rewarding employees can be tricky, and a lack of its understanding can cause employees to feel punished as well as serve the opposite of what you hoped to accomplish with reward programmes. 4 Click here to read: 5 Strategies to Attract and Retain Talented Employees
  • 5. Rewards… Rewards may seem positive or Negative to an employee. Therefore, business leaders, sponsors or designers of programmes must consider what rewards the recipients would find reinforcing. . Hence, the reward programme must be personalised or designed to meet the specific needs of the individuals by considering circumstances and how the recipients will perceive the award.
  • 6. Key Challenges of Employee Reward Programmes Here are some of the most common problems associated with poor reward programme designs and which can cost its credibility: ⮚ Reward not understood by employees ⮚ Reward not linked to the company’s business ⮚ Reward not linked to performance ⮚ Reward not linked to individual employee needs NOTE: Clearly defined and communicated criteria for qualifying for the reward upfront can help prevent these problems from occurring
  • 7. Gaps to mind When implementing reward programmes A case when there is peer pressure concerning an employee being rewarded Reward Syndrome Rewarding the right person with the wrong reward, the wrong person with the right reward, or right group with the wrong reward Reward Factor Creating exceptions that lead to questions about recipients being deserving of reward. Favouritism Click here to read: 5 Effective Ways of Developing Employees for Performance
  • 8. Five Levels of Reward Visibility Individual Visibility Worth Public Visibility Reward Sponsor A private reward with an individual presenter (individual’s effort is acknowledged privately) Reward is presented in front of colleagues or teams Reward is presented in front of all employees/workforce Being rewarded by the management or CEO This is the highest level of reward visibility (a company sends employees’ information to the local paper for publicity)
  • 9. Antecedent Behaviour Consequences The Classic –ABC – Behavioural Model It is a tool that examines human behaviours, the triggers behind those behaviours, and their impact on patterns. Any stimulus before specific behaviour (The drive) The actions individuals can do or engage in (The act) Any event that occurs after a specific behaviour (Positive/Negative Rewards)
  • 10. Reward vs Consequences Reward programmes have an impact on employees' behaviour. And these behaviours have consequences that can be reinforcements or punishment. Efforts are rewarded. And they’re more likely to be repeated if they’re rewarded, so it is important to think through the possible unintended consequences of your proposed reward programmes.
  • 11. R- Negative Reinforcement R+ Positive Reinforcement P- Extinction P+ Punishment Consequences: Reinforcement and Punishment Click here to read: Improving Employee Performance – Best Practices
  • 12. Reinforcement Theory Positive Reinforcement Providing rewards or recognition to reinforce desired behaviours. Punishment Delivering aversive stimuli or removing pleasant stimuli to change behaviour. Negative Reinforcement Removing aversive stimuli to reinforce appropriate behaviour Extinction Removing aversive stimulus or reward after occurrence to decrease behaviour
  • 13. Recognition Its objective is to let employees know that their efforts are valued. Appreciation Recognition and enjoyment of the god qualities Gratitude expressing gratitude to employees, for their long service( a retiree situation), and presenting them with gifts. 01 04 07 Maintenance Given for the purpose of maintaining a current level of performance. Milestone For the purpose of celebrating notable anniversaries Motivation Usually has monetary value (could be cash bonuses commissions) 03 06 09 Reinforcement ensuring that there are positive consequences in the workplace, positive feedback, from supervisors, or peers Entitlement providing privileges to a certain few (corner offices, travel, privileges, authority, etc.) 02 08 Inclusion 05 The Nine Types of Reward Click here to read: Top 4 Reasons for High Employee Turnover (& How to Protect Your Business) providing privileges for the purpose of helping employees develop a sense of belonging
  • 14. Measure the performance of your reward programmes. Getting the required feedback from your workers is one approach to do this. 05 Keep employee reward programs updated, relevant, simple to understand without making exceptions or complicated rules. How do you design an Effective Reward Program? Establish collaborative instead of competitive reward goals, this way employees are encouraged and motivated to work Ensure that your reward programme has a set lifespan. You must understand that even most well-designed programmes may eventually lose their appeal to employees. 02 03 04 01 Reward the right attitudes and behaviours in your organisation, such as exceptional efforts, significant accomplishments, great results, record performance, completion of a major project or major milestones.
  • 15. REMEMBER: Positive Reinforcement has the most effect on your employees’ behaviour, and efforts rewarded are repeated.
  • 16. YOUR BUSINESS YOUR PEOPLE OUR FOCUS = Workforce Group … We go beyond
  • 17. What we do We help organisations solve problems around: Staff Payroll Management Performance management support Health insurance management Executive, Experienced and Graduate Recruitment Staff onboarding and training Staff records management Leave and exit management Background verification Strategy Development and Execution Digital Learning Function Specific Programmes Leadership Development Digital Content Creation and Conversion Assessment and Development centre Occupational testing and Success Profiling Independent Contractor Management Assessor skills training Professional Employer Organisation Employer of Record Recruitment Process Outsourcing
  • 18. Workforce by Numbers 17 Year-old Startup 8 Businesses 120+ Consultants 20 African Countries 8000+ Outsource d Employees 1200- capacity Learning Facility 115+ Computer- based test facility 250+ Clients 10+ Industries Served 36 States in Nigeria
  • 19. READY TO GET STARTED? Visit https://workforcegroup.com/workforce-advisory/ or Send an email to - hello@workforcegroup.com