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Rewarding Employee Performance

Rewarding Employee Performance

43mBeginner2018-03-16

Authors

Don Phin

Don Phin

Speaker, Trainer, Coach, and Author

Course details

As a manager, it's your job to make employees feel appreciated. And to properly reward employee performance, you need to consider a lot more than just money. In this course, HR expert Don Phin outlines the purpose and types of employee rewards, and then dives into specific approaches managers can take depending on the strategic needs they're supporting. Don explains how to use discretionary and nondiscretionary rewards to enhance work performance, as well as how to select the right reward for an individual or the team. He also discusses how to make sure employee incentives don't backfire, and how to think about rewards like a marketer so you get a good return on investment.

Learning objectives
Distinguish discretionary vs. nondiscretionary rewards.
Explain how to offer clear and consistent rewards.
Describe how to generate employee referrals.
Foster innovation and creativity.

Skills covered

Coaching and MentoringTalent ManagementHuman ResourcesLeadership and ManagementOne-Off

Concepts

Introduction

  • Welcome

Understanding Employee Rewards

  • The importance of rewarding great performance
  • Discretionary vs. nondiscretionary rewards
  • Individual, team, or company-based rewards
  • The Cobra Effect
  • The marketing formula
  • Clear and consistent rewards
  • Reward according to their needs
  • Five considerations about rewards

Rewarding Specific Objectives

  • Improve individual performance
  • Generate employee referrals
  • Foster innovation and creativity
  • Increase sales
  • Final ideas about rewarding performance

Conclusion

  • Next steps

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