REWARD WITHIN
THE HR COMMUNITY
Jamie Mackenzie
Marketing Director
A
G
E
N
D
A
1. Incentive and recognition today
2. Reward for now, tomorrow and
the future
3. Sodexo rewards in practice
4. Summary
2 – Reward within the HR Community - Jamie Mackenzie
Defining Reward
“A reward programme that is easily
communicated across the business;
managers use it daily to motivate and
engage their staff with flexible / engaging
communications tools; and it can be easily
linked to key HR goals and objectives”
Incentive and recognition are components
of reward:
76%Of those practising reward says this
describes their ideal programme
Incentives Recognition
Designed to encourage people
to achieve pre-defined
objectives or targets
Designed to reinforce
behaviours on the job. In some
cases it is not pre-defined, like
on the spot awards
■ 45% Practitioners
HR professionals with programmes already in
place
■ 14% Planners
HR professionals intending to introduce a
programme
■ 41% Non-practitioners
HR professionals without a programme and no
plans to introduce one
4 –
55%of HR professionals have no
reward programme in place
I&R in practice
Reward within the HR Community - Jamie Mackenzie
Common challenges
5 –
No impact without communication
■ Main challenge for ‘Practitioners’ is communicating the programme
■ Larger companies often have a widespread employee demographic, affecting communication channels
■ Wide range of tools needed to communicate to whole workforce – both online and technology-based media
■ Visibility across multiple sites
63% insufficient senior
management time devoted to
incentives
63% measuring the impact of
rewards on staff behaviour and
morale
56% lack of clarity
concerning objectives for staff
incentives
Reward within the HR Community - Jamie Mackenzie
Having the right tools in place to effectively
manage and communicate I&R is key. Without
these, it is difficult to determine whether the
programme is achieving the company’s objectives.
6 –
44%of ‘non-practitioners’ think the
portfolio of reward tools used are
too basic or narrow
Leveraging tools to deliver effective I&R
■ Information systems
‘Dashboards’, online reporting tools and automated
tracking of performance and rewards take up
■ Communication toolkits
Online catalogues, apps, newsletters, briefings, product
updates & social media tools
■ Proving ROI
Demonstrating value to senior management; activity
reports, ROI calculators, benchmarking tools,
engagement surveys
Reward within the HR Community - Jamie Mackenzie
Why implement an I&R programme?
7 –
Achieve core business KPIs
■ It’s proven that annual company objectives such as
corporate revenues and KPIs are higher in organisations
who actively reward their staff.
1.
3.
2.
6.6%Higher annual revenue achieved by
companies who provide non-cash
incentive & recognition
4. Engage employees
■ 86% of employees said that recognition for good work was
one of the most important aspects of working life.
■ 90% of employees said recognition programmes motivate
them to do their job.
Promote your company values
■ Individuals who are rewarded feel proud and more likely to
spread the word to family and friends, promoting your
business outside of its direct circle.
Be memorable
■ Recipient is likely to think about your business whenever
they think about or use their reward.
Reward within the HR Community - Jamie Mackenzie
VIDEO
8 – Reward within the HR Community - Jamie Mackenzie
Redefining reward for now, tomorrow and the future
REWARD FOR NOW
Rewarding on ad-hoc basis
Gift card and vouchers
REWARD FOR
TOMORROW
Rewarding as part of a strategic
reward programme
Online reward platform
REWARD FOR THE
FUTURE
Rewarding long term individual
objectives and performance
Financial planning tool
SODEXO GLOBALLY
10 –
Europe’s largest I&R
provider
Global programme roll-
out capability
Active across all
industries
Reward within the HR Community - Jamie Mackenzie
Conclusion
11 –
55% of companies do
not practice I&R
63% find communication
to be the biggest challenge
6.6% higher revenues
achieved in companies who
practice I&R
Define your strategy …
Reward within the HR Community - Jamie Mackenzie
86% …
of employees say
recognition for good work is
critical in their working life
REWARD FOR
THE FUTURE
REWARD
FOR NOW
REWARD FOR
TOMORROW
WIN A £200
SIMPLY GIFT
CARD
Create an account today to be
in with a chance.
Visit us at stand 501
www.simply-gift.co.uk

Motivate Europe Live: REWARD WITHIN THE HR COMMUNITY

  • 1.
    REWARD WITHIN THE HRCOMMUNITY Jamie Mackenzie Marketing Director
  • 2.
    A G E N D A 1. Incentive andrecognition today 2. Reward for now, tomorrow and the future 3. Sodexo rewards in practice 4. Summary 2 – Reward within the HR Community - Jamie Mackenzie
  • 3.
    Defining Reward “A rewardprogramme that is easily communicated across the business; managers use it daily to motivate and engage their staff with flexible / engaging communications tools; and it can be easily linked to key HR goals and objectives” Incentive and recognition are components of reward: 76%Of those practising reward says this describes their ideal programme Incentives Recognition Designed to encourage people to achieve pre-defined objectives or targets Designed to reinforce behaviours on the job. In some cases it is not pre-defined, like on the spot awards
  • 4.
    ■ 45% Practitioners HRprofessionals with programmes already in place ■ 14% Planners HR professionals intending to introduce a programme ■ 41% Non-practitioners HR professionals without a programme and no plans to introduce one 4 – 55%of HR professionals have no reward programme in place I&R in practice Reward within the HR Community - Jamie Mackenzie
  • 5.
    Common challenges 5 – Noimpact without communication ■ Main challenge for ‘Practitioners’ is communicating the programme ■ Larger companies often have a widespread employee demographic, affecting communication channels ■ Wide range of tools needed to communicate to whole workforce – both online and technology-based media ■ Visibility across multiple sites 63% insufficient senior management time devoted to incentives 63% measuring the impact of rewards on staff behaviour and morale 56% lack of clarity concerning objectives for staff incentives Reward within the HR Community - Jamie Mackenzie
  • 6.
    Having the righttools in place to effectively manage and communicate I&R is key. Without these, it is difficult to determine whether the programme is achieving the company’s objectives. 6 – 44%of ‘non-practitioners’ think the portfolio of reward tools used are too basic or narrow Leveraging tools to deliver effective I&R ■ Information systems ‘Dashboards’, online reporting tools and automated tracking of performance and rewards take up ■ Communication toolkits Online catalogues, apps, newsletters, briefings, product updates & social media tools ■ Proving ROI Demonstrating value to senior management; activity reports, ROI calculators, benchmarking tools, engagement surveys Reward within the HR Community - Jamie Mackenzie
  • 7.
    Why implement anI&R programme? 7 – Achieve core business KPIs ■ It’s proven that annual company objectives such as corporate revenues and KPIs are higher in organisations who actively reward their staff. 1. 3. 2. 6.6%Higher annual revenue achieved by companies who provide non-cash incentive & recognition 4. Engage employees ■ 86% of employees said that recognition for good work was one of the most important aspects of working life. ■ 90% of employees said recognition programmes motivate them to do their job. Promote your company values ■ Individuals who are rewarded feel proud and more likely to spread the word to family and friends, promoting your business outside of its direct circle. Be memorable ■ Recipient is likely to think about your business whenever they think about or use their reward. Reward within the HR Community - Jamie Mackenzie
  • 8.
    VIDEO 8 – Rewardwithin the HR Community - Jamie Mackenzie
  • 9.
    Redefining reward fornow, tomorrow and the future REWARD FOR NOW Rewarding on ad-hoc basis Gift card and vouchers REWARD FOR TOMORROW Rewarding as part of a strategic reward programme Online reward platform REWARD FOR THE FUTURE Rewarding long term individual objectives and performance Financial planning tool
  • 10.
    SODEXO GLOBALLY 10 – Europe’slargest I&R provider Global programme roll- out capability Active across all industries Reward within the HR Community - Jamie Mackenzie
  • 11.
    Conclusion 11 – 55% ofcompanies do not practice I&R 63% find communication to be the biggest challenge 6.6% higher revenues achieved in companies who practice I&R Define your strategy … Reward within the HR Community - Jamie Mackenzie 86% … of employees say recognition for good work is critical in their working life REWARD FOR THE FUTURE REWARD FOR NOW REWARD FOR TOMORROW
  • 12.
    WIN A £200 SIMPLYGIFT CARD Create an account today to be in with a chance. Visit us at stand 501 www.simply-gift.co.uk