Consider the following questions to review your current approach to recognising high performance:
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What strategic priorities have been established for rewards and recognition in your business?
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What do you expect of it in terms of helping to maximise the contribution of your employees?
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How closely are your recognition and reward schemes aligned to your business goals?
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How committed are you to providing sufficient resources to make the schemes worthwhile and appealing?
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How have the needs and expectations of your employees been integrated into the design of your existing schemes and initiatives?
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How well do your employees know and understand the ‘total rewards package’ on offer?
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How appealing are the various rewards and incentives to them?
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How clear, objective and understood are the criteria associated with any reward or recognition schemes you have in place?
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Are they seen as fair and equitable?
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What impact are your schemes having on individual employee contribution?
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How do you know?
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What impact are such schemes having on the bottom line?
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Can you quantify this?
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How are your initiatives reviewed and evaluated to keep them current and of interest to employees?