March 7th 2018
Member Query – Reward Recognition
A member asked for some information relating to recognition awards.
1. Which of the following criteria justify an award?
i. Demonstrating corporate values
ii. Demonstrating certain behaviours
iii. Delivering financial results
2. If non-financial awards, what form do they take?
3. If financial, how is the award given?
4. Do you manage the cost via the central HR budget or in some other way?
5. If you use a supplier to manage the scheme, please share name and indicate if you would recommend?
This resource is available to PARC members only. To access, please log in with your username and password.
You May Also be Interested in
May 1st 2019
Disruption: How will Reward Leaders Respond to an Uncertain Future?
This report explores what the world of work is likely to look like in five and ten years. What political turmoil will take place, how will economic disruptors impact business and what will happen as a result of extended working life spans? These questions will be answered at the connected event, Facing Disruption - Reward Implications.Read Event Document
September 21st 2015
Member Query - Team Based Reward
In this member query, a member is looking at team-based reward and has asked whether other members are able to share any insight on best-practice in the market place.Read Member Query
November 20th 2017
Member Query - Reward vs Employee Population
This member request is regarding reward versus employee population ratios and questions the size of reward specialist teams.Read Member Query
December 8th 2017
Member Query - Global Company Transfer
In this member request, a member is planning to more their global services to Bangalore and they are considering the business case for the transfer of reward activities as part of the initiative. The member wishes to hear from other organisations who have done something similar and gain insight of their experiences.Read Member Query
July 21st 2017
Member Query - Incorporating Safety KPIs
This member query involves reviewing how companies incorporate their safety KPIs within the senior leader or executive reward plan. The questions raised include whether the safety elements included in companies' management bonus schemes provide an effective way of motivating safety behaviours.Read Member Query
July 4th 2017
Member Query - Performance Related Bonus
In this member query, a question is raised regarding arrangements in place where employees can collectively share in the success of the organisation. This includes monetary and non-monetary rewards and other bonuses and benefits outside the normal performance related bonus.Read Member Query