OB Rewards and Punishment
OB Rewards and Punishment
OB Rewards and Punishment
On
Rewards & Punishment
Praveen Mittal
Rewards & Recognition :
The Magic Motivator
Topics
What are Rewards, Recognition.
Why Reward?
Key components
Framing of Recognition
Types of rewards
Points to remember when rewarding
What are Rewards , Recognition
Rewards, awards, recognition….
Acknowledgement of some achievement
Predetermined or unplanned
It promotes behavior you want repeated
Individual or teams
Monetary or non-monetary
Why Reward?
Enhance job performance.
Reinforces the strategies/goals of the organization
Promotes repeatable behaviors
Improves morale
Can promote team building, motivation, etc.
Can be positioned as a part of a total compensation
package
Key Components
Targeted
Timely
Public
Framing of Recognition
Who
• Individuals
• Teams
• Various organizational subsets
When
• Daily, monthly, quarterly, annually
• As behavior occurs
• Specific events
How – Within team or Public
Types of rewards
Membership and seniority based rewards.