Assume the role of the chair of the Recognition and Rewards Committee for an organization of 50 employees.
Assume the role of the chair of the Recognition and Rewards Committee for an organization of 50 employees. Prepare a recommendation from your committee on how to allocate the $5,000 annual budget to maximize employee engagement and motivation. (Hint: Do not forget that non-monetary means of recognition and rewards can be just as effective as monetary means.)
Week 5 / DQ 2 Outline
Class,
This DQ requires some deeper thought and expansion on how much is allocated to what areas totaling $5K. Here is an example to consider when creating your response:
Introduction: The goal of this recommendation report is to provide recognition and incentives to ………….. The Recognition and Rewards Committee has been allocated a $5,000 annual budget. Recognition and incentives can motivate ……………., while providing excellent return on investment.
Recommendations: The key is to follow through with recognition and ensuring the reward(s) offered are things that our employees would want or use such as the following recommendations:
REWARDS
Cost
10 monthly $5.00 Starbucks gift cards (surprising employees) – ($600)
Level 1 Achievement: 2 Movie Tickets for an employee (monthly) – ($220)
Level 2 Achievement: $50 Gift card to a restaurant (monthly) – ($600)
Level 3 Achievement: $100 Visa Card – ($1,200)
Other Individual Recognitions based on achievements: $40 Gas Card – ($480)
Christmas Holiday Luncheon – ($500)
Team: Monthly Birthdays – ($300)
Team: Weekly bagel/donuts – ($1,100)
Total – $5,000
Conclusion: The committee submitted the previous recommendation as incentives for the employees in the organization to cultivate appreciation for staff and their commitment to excellence in performance. The recommendation suggested are various ways the organization can accomplish these goals that include monetary and non-monetary methods. These methods can be used singularly or in assorted combinations.
Remember, this is just one of many examples, but your answer should be specific and show how the total sum will be broken down and used.
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