Hi, This is swati , I need your help in formulating reward & Recognition Policy so, it would be very helpful to me if you all share your organization policy or tell me how to formulate the policy , in my mail-Id 
Thanks
Swati
From India, Calcutta
1Thanks
Swati
From India, Calcutta
Hi Swati,
I am enclosing the HR policy for your reference as such there is no specific policy for Reward and Recognition. Corporates does recognize its employees in this form to create talented and competitive environment wherein every individual's dream is to get recognized.
In a nutshell the management wants to check the performance and ability of its employees
From India, Bangalore
I am enclosing the HR policy for your reference as such there is no specific policy for Reward and Recognition. Corporates does recognize its employees in this form to create talented and competitive environment wherein every individual's dream is to get recognized.
In a nutshell the management wants to check the performance and ability of its employees
From India, Bangalore
Hi Swati,
To frame a policy on R & R, first decide on the metrics to be measured.
For example, if you want to reward someone for maximum number of sales or attendance etc..
Based on that you can reward them as best performer, extra miler,quality champion etc..
Also you can introduce other concepts like appreciation tree, pay it forward awards.
Based on the nature of the company, you can decide upon these.
See to that you have equal contribution of monetary and non monetary benefits.
Find out what would be relevant in your situation,based on that it could be gifts,free medical check ups or family get together.
Always try to reward employees for their tenure in the organization. This would directly help in retention and employee engagement.
To frame a policy on R & R, first decide on the metrics to be measured.
For example, if you want to reward someone for maximum number of sales or attendance etc..
Based on that you can reward them as best performer, extra miler,quality champion etc..
Also you can introduce other concepts like appreciation tree, pay it forward awards.
Based on the nature of the company, you can decide upon these.
See to that you have equal contribution of monetary and non monetary benefits.
Find out what would be relevant in your situation,based on that it could be gifts,free medical check ups or family get together.
Always try to reward employees for their tenure in the organization. This would directly help in retention and employee engagement.
Hi Swati,
We have R&R every month and we have certain set-ups like;
A board which is hung up at the R&R ceremony which is branding for R&R. It has to be motivational and talks about company interest in rewarding employees.
We also have a victory wall and wall of fame. We put up employees photographs on victory wall who win for that particular month. Employees who are toppers consecutively for 6 months would be on Wall of Fame.
We also make A3 posters of employees who win consecutively with their comments and put all across the office on pillars.
All these help in motivating the employees. Apart from this, we have awards for support functions and operations.
For support, it is quarterly and for operations, it is on a monthly basis and we concentrate on the executives to boast up them.
We normally give sodex passes, big bazar vouchers, shopper stop vouchers and so on...... Once we even gave them Fast track watches.
You can decide on the no. of gifts or vouchers to be given based on your budget and your employee population.
Regards,
ARCHANA
From India, Hyderabad
We have R&R every month and we have certain set-ups like;
A board which is hung up at the R&R ceremony which is branding for R&R. It has to be motivational and talks about company interest in rewarding employees.
We also have a victory wall and wall of fame. We put up employees photographs on victory wall who win for that particular month. Employees who are toppers consecutively for 6 months would be on Wall of Fame.
We also make A3 posters of employees who win consecutively with their comments and put all across the office on pillars.
All these help in motivating the employees. Apart from this, we have awards for support functions and operations.
For support, it is quarterly and for operations, it is on a monthly basis and we concentrate on the executives to boast up them.
We normally give sodex passes, big bazar vouchers, shopper stop vouchers and so on...... Once we even gave them Fast track watches.
You can decide on the no. of gifts or vouchers to be given based on your budget and your employee population.
Regards,
ARCHANA
From India, Hyderabad
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Reward and Recognition Policy.doc