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Workplace rewards

1. What are the various rewards available in today's workplace, at the company level, and at the manager-to-employee level? How does your company compare to others about which you have read or heard?

2. How can you assess employee needs to tailor effective rewards? What are the considerations when rewarding an individual as opposed to a work team? How can you integrate rewards given at all levels of an organization into a company-wide reward system?

Solution Preview

1. First of all, as you examine the various rewards available in today's workplace at the company level and at the manager-to-employee level, you might note that this topic is massive. However, some company levels offer highly personal incentives include "exercise facilities, subsidized meal plans, child care availability, company cars" (http://www.referenceforbusiness.com/encyclopedia/Eco-Ent/Employee-Motivation.html), and other examples.

When researching various types of company incentives and rewards, research shows that "For all the championing of alternative motivators, money still occupies a rightful place in the mix of motivators. The sharing of a company's profits gives incentive to employees to produce a quality product, perform a quality service, or improve the quality of a process within the company" (http://www.referenceforbusiness.com/encyclopedia/Eco-Ent/Employee-Motivation.html). Do you agree?

When looking at a model program for ideas on what is out there, you might examine Boeing. They have a new program with four elements: "formal appreciation, instant appreciation, service awards and cash awards" (http://www.workforce.com/section/02/feature/24/34/56/index.html).

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Solution Summary

Workplace rewards are investigated.

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