8 - Rewards and Recognition

Rewards

They refer to “all the monetary, non-monetary and psychological payments that an organization provides for its employees in exchange for work they perform”

attitudes

For Nick Wilton, reward is a key determinant of employee _________ towards their job and the organization.

Rewards and Recognition

It constitutes a “principal means by which employers attempt to generate and direct the required effort and behaviors of employees to be consistent with organizational objectives.”

business-focused

As a strategy, rewards represent a “_________-_______ statement of intentions of reward processes and practices that are aligned to the business and human resource strategies of the organization, its culture, and the environment in which it operates.”

total reward

It acknowledges the value of a wide range of both tangible and intangible rewards to employees and seeks to ensure that the various components of reward on offer are complementary and compatible with the philosophy, values and culture of the firm in order to secure improved performance

lowered productivity, greater intention to quit, lack of employee engagement and dysfunctional behavior.

For Nick Wilton, a lack of reward system within the organization will likely result to what? Enumerate the four results.

financial

This category of rewards refer to pay or earnings, and include basic pay (as wages or salary) as well as bonuses, conditional or variable pay (for example, where pay is tied to individual performance), commission and overtime payments.

non-financial

This category of rewards encompass the psychological or intrinsic rewards that stem from the work that people do and their working relationships and environment.

benefits

This category of rewards refer to the non-pay elements that make up the individual reward package such as pensions (or deferred payment systems), healthcare, subsidized meals, membership of fitness or health clubs and company cars. Other benefits might include flexible working arrangements, maternity, paternity or sickness leave, etc.

Good wages, Full appreciation for work done, Job security, Promotion and career growth, Interesting work

What are the Top 5 Factors that Motivate Employees

good wages

It is generally valued by all employees, regardless of gender, occupation, age, income or employment status. Since the 1946 study, this continues to be ranked among the top five factors that motivate people in their jobs.

job recognition

It is often among the top motivators of employee performance. It involves feedback and positive feedback follows the principles advocated in Reinforcement Theory, which states that behavior is contingent on reinforcement.

job security

This factor is important because employees’ reactions to the lack of job security varies. Individuals may experience severe psychological reactions to job loss and/or the threat of job loss.

Herzberg’s Motivator-Hygiene Theory

It is the most successful method of motivating to build challenge and opportunity for achievement into the job itself.

McClelland’s Socially Acquired Needs Theory

It suggests that people with high achievement needs are motivated by challenging tasks with clearly attainable objectives, timely feedback and more responsibility for innovative assignments.

interesting work

This factor shows that employees who are more involved in job-related decisions and communications, receive reinforcement are competent in their jobs, and they respond by showing greater involvement and motivation.

empowered

Employees feel _________ when they believe that their work is being performed competently and that their work is having a positive impact on the company. Also, it is important for employees to feel that they control their own actions

sector employment choice, employee motives, job satisfaction, job characteristics, work context

What are the five (5) sets of antecedent variables that determine the extent of work motivation in the public sector?

employee motives

According to Wright, there are two basic types of employee characteristics that have been identified as determinants of work motivation. One of which represents what employees want or expect from their jobs. What is this?

job satisfaction

According to Wright, there are two basic types of employee characteristics that have been identified as determinants of work motivation. One of which reflects the employees' reactions to what they receive. What is this?

Program on Awards and Incentives for Service Excellence

PRAISE adheres to the principle of providing incentives based on performance, innovative ideas and exemplary behavior. Emphasis on “timeliness” of giving award and recognition (on-the-spot mode) should be institutionalized. What does PRAISE mean?

True

[True or False] Monetary awards shall be granted only when accomplishments done resulted to monetary savings for the agency. Monetary awards shall not exceed 20% of the savings generated

five

[True or False] At least ____ percent of the HRD Funds shall be allocated for the PRAISE and incorporated in the agency’s Annual Work and Financial Plan and budget.

Honor Awards Program

It seeks to recognize and reward state officials and employees for their outstanding contributions and achievements in government service.

Presidential Lingkod Bayan Award

It is conferred to an individual or group comprised of two to five members for exceptional or extraordinary contributions resulting from an idea or performance that has a nationwide impact on public interest, security, and patrimony.

Civil Service Commission Pagasa Award

It is conferred on an individual or group, comprised of two to five members, for outstanding contributions resulting from an idea or performance which directly benefit more than one department of the government.

Dangal ng Bayan Award

It is conferred to an individual for performance of an extraordinary act or public service and consistent demonstration of exemplary ethical behavior based on observance of the eight norms of conduct provided under RA 6713 or the Code of Conduct and Ethical Standards for Public Officials and Employees.

Pamanang Lingkod Bayani

It is a program that seeks to recognize civilian public servants who risked their lives and were killed in the line of duty, or those who died while in the performance or pursuit of their respective functions, duties and responsibilities. It is a tribute to deceased kawani who displayed the characters of a bayani in the name of public service

goals & objectives, supervisors, organization’s image, leadership, stress, balance, & workload

What are the Top 5 Drivers of Sustainable Engagement?

True

[True or False] Despite the apparent importance of a reward strategy to the effective management of employee reward, evidence continues to suggest that the majority of firms do not have a clear reward strategy to support business goals and to recruit, retain and reward high performers

social recognition programs

These programs are seen to be as effective as pay motivation

career management

It is also a key to attract, retain and manage employees.