Effect of
a Reword and recognition Program
Introduction
Human
resources are the most important resources of an organization possess out of
all others. Retaining efficient and experienced workforce is very important for
its overall performances. Motivated employees can bring genuine values to take
its performances to a different level thereby continues to improve desired
bottom lines.
This
attempt is to explore key influencing factors that motivates employees and the
relationship among reword, recognition and motivation working within an
organization and the effect of these to business performances and results.
“Lawler’s
original one‐directional
strategic reward model progressing from business strategy, to HR strategy, to
reward policies, to employee behavior, can therefore be extended to encompass
multi‐directional
relationships, with employees and the total rewards context they perform within
becoming much more central. WorldatWork’s Total Rewards Model illustrates these
relationships very well” (Reilly, September 2013).
Total - Reword - Model
Source: (Duncan Brown, 2013)
Key objective of reward and recognition is to attract
and retain the best talent. Rewarding performance is to build up an
organizational culture where good work done by employees is valued and their
exceptional efforts are recognized. Transparency and consistency of the process
will ensure the credibility of the process which is a crucial requirement.
Therefore, having a reword and recognition policy detailing process align with
organizational culture and business strategy will ensure them.
6
reasons to implement a reword and recognition programs
Spiegel, (2020) in her article
to Chewhu.com explains six reasons to have a reword and a recognition program in an
organization and the effect of each reasons.
- Increase motivation
- Show appreciation
- Encourage friendly competition
- Improve productivity
- Boost employee retention
- Create a positive workplace
According to Hastwell,
(2021) in her article to Great place to work- CertifiedTM Company
Q.C.Trainer, a survey done using 1.6 million employees of small, mid-size and
large larger scale companies congregated during 2018 to 2020 period including a
question “What is the most important thing that your manager or company
currently does that would cause you to produce great work?”
Out of many responses 37% of them responded
personal recognition will motivate them to feels better and walk extra miles to
produce results.
“To win in the marketplace you must first win
in the workplace."
“In order to be successful, you must start
internally with employees. Recognition and rewards programs give managers a
formal channel to recognize their outstanding performers. Top employees can be
recognized in private and in public vi (Hastwell, 2021) a online recognition
walls or companywide events”.
(Doug Conant, 2017)
Conclusion
It is a debate that we often get in to have a
comprehensive, perfectly documented reword and recognition program to develop
before implementing, thereby resulting delays, or not starting at all. In such
situations it`s more effective when initiate with a simplified program and evolve
with learnings and feedback of your team. While keeping in mind the ultimate objective
of business performances and results key to success is transparency and integrity
of the reword and recognition. In this perspective provisioning for feedback or
to challenge will assist to cultivate feelings of the program, of their own rather than a top down program.
References
Doug Conant, F. P. a. C. o. t. C. S. C., 2017. awardsnetwork.
[Online]
Available at: https://blog.awardsnetwork.com/top-10-quotes-rewards-recognition
Duncan
Brown, P. R., 2013. Reserchgate. [Online]
Available at: https://www.researchgate.net/
Hastwell,
C., 2021. Great Place to Work-Certified™ company O.C. Tanner. [Online]
Available at: https://www.greatplacetowork.com/resources/blog/creating-a-culture-of-recognition
Reilly, D.
B. a. P., September 2013. Reward and Engagement The New Realities -
Compensation and Benifit Review.
Spiegel, S.,
2020. crewhu.com. [Online]
Available at: https://www.crewhu.com/blog/top-6-reasons-to-implement-a-rewards-and-recognition-program