Cover image for Strategic Reward and Recognition : Improving Employee Performance Through Non-monetary Incentives.
Strategic Reward and Recognition : Improving Employee Performance Through Non-monetary Incentives.
Title:
Strategic Reward and Recognition : Improving Employee Performance Through Non-monetary Incentives.
Author:
Fisher, John G.
ISBN:
9780749472535
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (257 pages)
Contents:
Cover -- Title -- Copyright -- Contents -- Acknowledgements -- Introduction: Dealing with human beings -- Incentives versus recognition -- Does recognition really work? -- The balanced scorecard -- Bribery and corruption -- The non-cash improvement dividend -- Mazda Motor of America Inc -- Some definitions -- Where to start? -- Brand consistency -- Performance improvement model -- 1 Why 'benefits' do not deliver performance improvement -- Tax treatment of benefits and perks -- The Motivation to Work by Frederick Herzberg (1959) -- Only 'motivators' improve work performance -- Does Herzberg's theory suggest more use of incentives? -- Cash or non-cash? -- Are there any other motivational theories to consider? -- Benefits and perks are not the answer -- 2 Recognition and reward theory -- What drives employees to perform better? -- Experimental timeline -- The rise of teamwork and affiliation -- Basic physiological human needs -- Murray's basic human needs -- Maslow's hierarchy of needs -- Victor Vroom and job satisfaction -- Herzberg: two-factor theory -- Goal setting and the quest for higher performance -- Cottrell and teamwork -- Goals and goal setting -- Flow and job satisfaction -- Performance and HR -- Principles of human motivation -- Principles of corporate motivation -- Key concepts in human motivation theory -- 3 Motivation in practice -- Most programmes are sales-related -- Other automotive incentive hybrids -- BMW Series 10 incentive -- American Honda Motor Company and Fiat Auto, Europe -- IT and all things electrical -- IBM Circle of Excellence -- Lucent Technologies: 'It's All About ME' -- Sony Imaging -- AEG: 'Off to the Orient' -- Gaggenau: kitchen appliances -- Some characteristics of sales incentives -- Recognition programmes -- Scotiabank -- Delta Airlines: consolidating programmes under one banner.

MGM: tracking better worker productivity -- LV: engaging with your people -- Do reward and recognition programmes work? -- 4 The performance improvement programme model -- The performance improvement model -- Research -- Skills -- Communication -- Incentive/reward -- Not all the elements are equal -- Delivering the performance improvement model -- Is performance improvement an HR or a marketing task? -- What type of programmes could the PIP model be used for? -- Getting started: the human audit -- 5 Know your people: The human audit -- Context is everything -- Company and sector performance -- Personnel inventory -- Research principles for employee surveys -- Researching sales and distribution attitudes -- Human audit in practice: Hotpoint/Creda white goods -- Qualitative research -- Quantitative research -- Pilot test -- Interpreting the human audit -- 6 Skills and learning for performance improvement -- How do people learn specific skills? -- Bloom's three domains of learning -- Bloom's Taxonomy of Educational Objectives (1956) -- Workplace learning -- Learning styles: David Kolb -- Learning and practical performance improvement -- Financial services learning example: attitude and cognitive -- Agricultural representatives: psychomotive and cognitive -- Evaluating the impact of learning -- The performance improvement programme dividend -- 7 Communicating reward and recognition -- Communicating incentives -- Getting top-level buy-in -- Negotiating with stakeholders -- End user communication -- Communicating recognition -- What's in it for me? -- Strategic points about programme rules -- The media of programme communication -- Portals -- 8 Rewards -- Does more money produce higher performance? -- Performance-related pay -- Money versus massage -- Self-fulfilling prophecy -- Mazda Motor Corporation -- Trophy value -- Rewards preferences.

Types of non-monetary reward -- Incentive or group travel -- Gift cards -- Discount or spend-to-get cards -- Merchandise and tangibles -- Social gifting and charitable donations -- Sporting and entertainment tickets -- Tailored events as rewards -- Balancing rewards -- 9 Recognition -- Formal recognition programmes -- Peer-to-peer recognition schemes -- How do they work? -- Deciding on values -- Ideas and suggestion schemes -- ROI for ideas schemes -- Reward strategy for recognition programmes -- Long-service awards -- Periodic recognition for long service -- How to deal with long-service awards -- Retirement gifts -- 10 Structuring reward and recognition programmes -- Setting sales goals -- Setting non-sales goals -- Using research to structure the programme -- Using skills in the structure -- Communication elements within the structure -- Reward elements within the structure -- Constructing the rules -- Problem 1: unequal chances to win -- Problem 2: fixed winners or reach the target? -- Problem 3: aiming for personal targets -- Problem 4: setting more challenging targets -- Problem 5: modest budget, large number of participants -- Problem 6: all or nothing -- Problem 7: lack of uptake -- Programme length -- Structures change with the market -- 11 Setting the budget -- Incremental profit for sales incentives -- Self-funding example -- Incremental profit for employee programmes -- Budget headings -- Fixed costs -- Variable costs based on participants -- Setting an appropriate reward level -- Sales rewards -- Employee rewards -- Budgeting for variable rewards -- Procurement and contracting -- Dealing with and through procurement -- Terms and conditions -- Fees -- Expenses -- Sponsor amendments -- Terms of payment -- Purchase tax -- Service levels -- Cancellation or suspension -- Copyright -- Legality (of promotion) -- Non-assignment.

Confidentiality -- Legal jurisdiction -- Dispute resolution -- Exchange rates -- Choosing an appropriate supplier -- Budgeting strategy -- 12 International aspects -- Multi-country programmes -- Language issues -- Concept transfer -- Destination choices for overseas travel events -- Culture -- Logistics -- Do global programmes work? -- 13 Troubleshooting reward and recognition -- Launching your programme -- Dealing with rewards -- Hybrid reward and recognition systems -- Abuse of corporate programmes and errors -- Scheme transfer to a new supplier -- The participant is always right -- 14 The future of reward and recognition -- Peer-to-peer, not top-down -- Participant research -- Skills development -- Communication -- Rewards -- Time for rewards to go? -- References -- Further Reading -- Index.
Abstract:
Well-researched and practical top level guidance on how to formulate the best strategy for incentives and recognition and how to implement such programmes effectively in both large and small organizations.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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