Friday, November 12, 2021

My HR Blog 2: People and Organization

 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. 

  1. Increase motivation
  2. Show appreciation
  3. Encourage friendly competition
  4. Improve productivity
  5. Boost employee retention
  6. 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

 

 

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19 comments:

  1. Sanjaya BandaranayakeNovember 12, 2021 at 6:31 AM

    Reward system which consists of financial benefits and non financial benefits has become essential to an company in managing employees performance. Stimulated employees are significant factor in company success. Good blog

    ReplyDelete
  2. Steffni_DNovember 12, 2021 at 11:22 PM

    The successfullness of an organisation should initiate from the internal customers. Most of the people like to be recognised by the higher management, and it is some kind of a reword to the employees for what they have done on behalf of the organisation. So that employees will be able to get their selves motivated and its automatically take the organisation to the path of successful. Something very important and explained very clearly..

    ReplyDelete
  3. Buddhika JayarathnaNovember 13, 2021 at 11:35 PM

    Rewording is the best approach to achieve better productivity from employees, which will change minds to do things in a better way to match the company's needs. Thanks to share

    ReplyDelete
  4. Fazmi HassanNovember 15, 2021 at 3:18 AM

    Recognition and rewards are critical to enhancing employee engagement and performance. Research shows that employers with good recognition and career development programs scored significantly higher in terms of productivity, revenue, customer retention and employee retention than those that didn’t.

    ReplyDelete
  5. Diana HarshaniNovember 15, 2021 at 5:48 AM

    Reward and recognition is the key factor to employee rretention,with that able to improve employees job satisfaction and improve the productivity,thank you sharing benifial topic with us..

    ReplyDelete
  6. PrabathNovember 15, 2021 at 7:07 AM

    Rewording is good practise as well very important to identify about who is the person and train motivate and rewords him ,very clear and good article thanks for shearing

    ReplyDelete
  7. Nuwansiri RathnayakeNovember 16, 2021 at 8:47 AM

    When we talk about employee motivation, there is an important part of financial and non financial rewords. Which is faster way to achieve the business goal. And this is one of way to show the employees how important they are to each organization. good effort by explain such a valuable points.

    ReplyDelete
  8. Sandya November 19, 2021 at 7:04 AM

    This comment has been removed by the author.

    ReplyDelete
  9. Diana HarshaniNovember 22, 2021 at 10:27 PM

    Reward and recognition is key factor to employee retention,based on performance company can create rewarding system,It will be helped to improve employee motivation and productivity.

    ReplyDelete
  10. PrabathNovember 22, 2021 at 10:57 PM

    Rewords and recognition is very important for companies to control worker retention by motivation and keep employee satisfaction , Good article

    ReplyDelete
  11. Suranga SampathNovember 22, 2021 at 11:29 PM

    This system has people motivate and encourage there work.

    ReplyDelete
  12. Thushara WattegedaraNovember 28, 2021 at 1:56 AM

    As a result of reflection is there is a statistically significant relationship between reward and recognition respectively, and motivation and satisfaction. If we reward or recognition a employees were to be altered, there would be a corresponding change in work motivation and satisfaction. It is clearly indicated result that employees are less motivated by rewards and recognition than some of the other dimensions of the Work Satisfaction and Motivation

    ReplyDelete
  13. Chenaka HettiarachchiNovember 29, 2021 at 1:43 AM

    This is a valuable article. specifically clothing industries. Because Labour orientated industry . Rewarding and popularity of personnel ends in extra worker engagement, which will increase retention and allow create a greater nice normal workplace.

    ReplyDelete
  14. Imashi DayaratnaNovember 29, 2021 at 8:14 AM

    Rewords will motivate workers at higher level of productivity..

    ReplyDelete
  15. Vishwa GunarathnaDecember 4, 2021 at 5:20 PM

    Are you looking to create rewards and high-performance recognition for your employees? Rewarding employees with the right rewards and benefits increases retention and engagement, which can produce incredible results for your corporate culture?

    ReplyDelete
  16. Asitha DDecember 12, 2021 at 3:49 AM

    Employee motivation is important to improve the performances of employees. Intrinsic motivation is the motivation that is generating inside the employees. In this blog it has clearly explained about the type of intrinsic motivation, intrinsic rewards and intrinsic reward strategies that can be used to motivate employees.

    ReplyDelete
  17. Sandya December 12, 2021 at 10:14 AM

    It's really important to thank our employees. The best tool to motivate employees. Lack of employee appreciation leads to poor motivation and poor performance. When a leader believes his team is worth it, it is known as one of the leadership skills. This feeling motivates them to do great things. Lack of gratitude can be very helpful. Nice article

    ReplyDelete
  18. N R Waduge. MBADecember 18, 2021 at 12:28 AM

    Employees rewarding and recognition system use by companies to motivate employees exabit that trey are apricated. It is an additional indemnity to their devotion in meeting their goals successfully.

    ReplyDelete
  19. ajaykrDecember 20, 2021 at 3:07 AM

    Wonderful blog! Appreciation is a simple gesture or praise that can boost employee morale. Especially, in the remote workplace, the need for recognition grows even more crucial. We bring virtual rewards and recognition ideas to engage remote employees in recognition activities at the workplace.

    ReplyDelete

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