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Values based reward programmes
Increase recognition of company values
Encourage staff behaviour that reflects values
Reward staff who live company values in their work
Increasingly companies are recognising the importance of company culture and values in differentiating themselves in competitive markets, not just in terms of having values, but more having staff represent the values in their work. Values based reward programmes allow companies to get a strong message to staff about behaviors that align with the values and the importance of the values to the success of the business. These types of programmes are typically driven by some form of peer nomination process which encourages staff to identify others who live the values in the work. This in turn provides a rich set of very relevant examples of work behaviour that align with the values to be shared with all.
The other significant outcome is that staff who adopt the values and exhibit them in their work will be rewarded for doing this and in the process be publicly recognised and rewarded for their efforts.
Values based reward programmes provide a powerful method to drive behaviour in an organisation that ensures the investment put into defining company culture and values is reflected in behaviour of employees and will be observable by customers of the business.
Things you need to think about:
What is the outcome I want?
Have the company values been clearly identified and are staff aware of them, did they contribute to them?
Will a peer nomination system work for all staff ?
Who will be responsible for determining which nominations will qualify for rewards?
What value of reward should be used to have an impact?
Will we have an annual award to the most outstanding employee from the successful nominations?
erewards values based reward systems can incorporate....
- computer based or hardcopy programmes or a mix of both depending on work environment
- a promotional campaign to get the message to all employees
- motivating rewards selected from a comprehensive reward catalogue with approximately 1500 rewards including a broad range of physical items plus relaxing, fun and challenging experiences throughout new zealand
- online nominations and evaluation plus tracking of budgets etc for office based businesses
- reliable timely delivery of rewards to programme participants
- personal customer service that will support the programme to get the best result possible
Benefits for you:
Its easy - once the programme is set up it will run without too much input except for the decisions about who should receive rewards
achievement of a values based business - with time all staff will understand what the values mean in practice and will recognise work behaviour that reflects the values
Motivated staff - the rewards are diverse and have broad appeal so will drive the behaviour and performance changes you are looking to achieve through the reward programme
competitive advantage - customers are adept at recognising when staff really believe in the values the comapny represents and will respond accordingly
To find out more or get a quote complete the contact form and we will get back to you within one working day to discuss your requirements. Feel free to call on 09 6254004 if you would just like to discuss some ideas about how a values based reward programme could impact your business.