Designing Effective Employee Reward Programs is based on the premise that when it comes to rewards that one size doesn’t fit all. Reward programs need to be tailored to meet the specific needs of the recipients. What might be rewarding to one person may seem like punishment to another. Therefore, it is very important to understand what is reinforcing or not to the of employees you want to reward. A classic ABC (Antecedent-Behavior-Consequences) Behavioral Model will be presented reviewing different types of consequences as they relate to rewards including positive reinforcement, negative reinforcement, punishment, and schedules of reinforcement. Specific examples will be presented illustrating why the reward sponsor’s goals failed to reach their intended objectives and how the situation could be corrected.
Topics covered during the webinar will include-Setting Reward Goals, Finding the Right Measures for Rewards, Rewards Not Meeting Expectations, Reward Design Factors, Managing Reward Programs, Measuring the Effectiveness of your Current Reward Programs, The Value of your Reward Programs, and understanding the potential consequences of the Reward not Given.
A matrix of Nine Types of Rewards will be presented during the program illustrating how different types of rewards achieve different results. A common problem with many employee reward programs today is a lack of understanding of these differences. For example, an organization may sponsor an annual holiday party expecting certain amount of employee appreciation as a result. However, it is important to understand that this type of reward will most likely not motivate employees to work harder or be less likely to leave the company. This is not to say that a holiday party isn’t important as it provides a maintenance reward factor that employees learn to expect to be provided by their employer and without this form of reward, they would feel a sense of loss. The matrix provides examples of other types of rewards some of which are designed to directly motivate employees or recognize their significant achievements. Understanding these distinctions and applications of these nine types of rewards can help organizations more effectively design and balance their overall employee reward programs with better results in the future. The concept of developing a Reward Score Card is introduced and an example is presented to help organizations understand how to achieve this balance.
The program concludes with a list of 47 Unconventional Ways to Reward Employees to help organizations think more creatively about providing rewards. Often, it is the most unexpected reward that can be the most effective.
Attendees will learn
- To understand that reward programs need to be designed to meet the specific needs of the individuals you plan to reward.
- How to have greater awareness of employee reward program potential pitfalls and how to avoid them.
- How to gain an appreciation of how to better balance their reward programs to meet the expectations of their employees.
- How to better understand if their current reward programs are working as expected.
- How to design reward programs which can meet their expectations in the future.
Who should attend
- Managers
- Supervisors
- HR professionals
To register, please visit [ Ссылка ].
