Non Monetary Reward & Recognition Scheme !

[supercool]

NON -MONETARY REWARDS / RECOGNITIONS [ NMR/R]

NMR/R - rewards act as a "common sense" approach to employee recognition and refer to the innumerable ways in which supervisors/managers can demonstrate their appreciation of a job well done.
As effective strategies to recognize employees, they are often overlooked , such as base pay merit increase programs. In fact, when asked, employees often have heightened morale and are more motivated by consistent appreciation and recognition than simply by money.
NMR/R focus on spontaneous, sincere and personal appreciation of employee efforts. These types of rewards successfully recognize employees, while generally requiring very little or no funding to implement and maintain. NMR/R, when delivered correctly and consistently, improve both performance and morale.
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Why use NMR/R?
NMR/R when implemented correctly deliver results:
Improvement of employee performance
Frequent repetition of "good" performance
Improvement in employee morale and motivation
Increased sense of self-respect and confidence
Increased employee retention
Enhanced employee/supervisor relationships
Open channels of communication
Reinforce company values and culture
Recognize personal performance and achievement
Build mutual commitment and relationships
Inspire change and improve productivity

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How should ONE USE NMR/R ?
NMR/R should be:
Highly Indvidualized
Spontaneous
Immediate
Symbolic
Consistent
Meaningful
Simple

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Delivering NMR/R Effectively
Four principles should be considered in determining how best to deliver a particular reward:

If-Then Principle
If an employee’s performance meets or exceeds your expectations, then reward the employee.

ASAP Principle
Give the reward as soon as possible after the performance has occurred.

Variety Principle
The reward should keep changing to retain its effect. The same reward given multiple times will lose its impact.

Sometimes Principle
A "sometimes" reward is given only some of the time when an employee’s performance exceeds your expectations. Employees who are rewarded periodically when they perform well are likely to continue to perform well in the absence of rewards.

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Use these steps when delivering a reward:

1. Describe exactly what was done well.

2. Describe how your unit, the company or customer benefited.

3. Deliver the reward using the above principles
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Keys to Selecting the Right Reward

The first key to selecting an effective reward is knowing what your employees will find rewarding. When an employee’s performance, morale or motivation has not been influenced by a reward, it is likely because it was the wrong reward for that employee. When rewards don’t fit, they don’t work. However, it is sometimes difficult to identify a reward that your employee will find valuable.

There are three easy ways to find out what your employees would find rewarding:
Watch what they do - Pay attention to how they spend their free time or what they might have as hobbies.
Listen to them - By listening, you can learn about their interests or work place concerns. (i.e. the desire for advanced training)
*Ask them - If you’re unsure, ask them!
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The second key to selecting the most effective reward is having a large number
available from which to choose. The following list offers ideas and you can
add on more from your own experience.

Praise, "thank you" in person and/or in front of others
Email thank you
*Letter of appreciation with copies to employee's file and CEO.

*Publicity – mention in newsletter/COMPANY News Bulletin/Local newspaper [ special achievement]

*Electronic message boards recognizing accomplishments

* "Behind the scenes" Award – for those not normally in the lime light

*Employment anniversary note

*"Meet the President" forum or lunch

*Lunch with senior management

*Invitation to "higher-level" meetings

*Offer to mentor the employee

*Opportunity for advanced training

*attendance at seminars or conferences

*More frequent assignment of responsibilities the employee enjoys

*Reassign work the employee does not enjoy

*More autonomy to determine how the work is completed

*Additional staff for project development

*Job sharing

*Work off-site

*Flexible work schedules

*Increase work space privacy

*Upgrade of computer

*Special parking space near the office

*Regular recognition lunches

*Tickets to local events

*company t-shirts, jackets, hats, cups, desk accessories

*Restuarant coupon

*Tour factory workshop/facilities during work hours

Contribution to a favorite charity

Food basket

Social club membership

Cash bonus – with taxes pre-paid

Food parcels , balloons or flowers delivered to employee(s) home.

Employee appreciation day – with banners, lunch, etc. in honor of employee

Employee photo boards or "Hall of Fame" – with kudos provided by peers

Certificate of accomplishment

Employee of the month