7.3 Compensation
Each institution should provide a clear, written policy and guidelines, including:
- Employee eligibility requirements.
- The approval processes.
- The types of awards that will be provided.
- The frequency of award presentations.
- The performance goals that will be measured.
- The thresholds for awards.
- When defining the decision-making process and the levels of approval required to receive an award, authority and responsibility for program administration should be distributed as widely as possible in the institution.
The institution should communicate both the criteria and examples of the types of work behaviours that warrant an award. This communication will help all employees understand how to judge the desired outcomes. It will also ensure timely recognition, which is necessary for the program to be effective.
Excercise:
After reading more about rewarding system and types of rewards it is time create your own rewarding system. If your organisation already has the rewarding system, you should rethink what can you improve in your system or do it differently.
Identify actions that can be rewarded in your organisation
| Identification of the actions that can be rewarded | On individual level | On team/group level | On organisation level |
| Creating new ideas | |||
| Improving and increasing the overall productivity of the workplace | |||
| Important achievements of each worker or employee | |||
| Excellence in performance | |||
| Leadership qualities | |||
| Milestones crossed | |||
| … |
Explanation of actions that can be rewarded
| Action | Description | Keep in mind |
| Creating new ideas | Be fair Be clear and transparent Make the criteria strictly applicable | |
| Improving and increasing the overall productivity of the workplace | ||
| Important achievements of each worker or employee | ||
| Excellence in performance | ||
| Leadership qualities | ||
| Milestones crossed | ||
| …. |
Recognition/demonstration
| Financial reward | Non-financial reward | |||
| Creating new ideas | no | / | Yes | Make it visible, wrote about new ideas etc. |
| Improving and increasing the overall productivity of the workplace | ||||
| Important achievements of each worker or employee | ||||
| Excellence in performance | ||||
| Leadership qualities | ||||
| Milestones crossed | ||||
| … |
Arguing
Proposing own (update) rewarding model taking into account various target groups and and individual characteristics
Now it is time to work …
