Comprehensive Report on Employee Reward and Recognition Program

This report outlines an employee reward and recognition program designed to effectively recognize individuals and teams, minimize employee turnover costs, and provide opportunities for acknowledging all members of the organization. The program aims to highlight the potential impact of each employee while maintaining fairness and flexibility within the organizational culture. It emphasizes the importance of employee recognition in improving workplace performance, supported by data indicating higher engagement levels among recognized employees. Key measurements for success include improvements in employee satisfaction, peer involvement, effective management of initiatives, and enhanced learning. The report also identifies measures affecting program success, such as active participation rates, award distribution, activity levels, peer nominations, and manager recognition. Indicators for tracking and reviewing information are suggested to resonate with leadership, focusing on efficacy and return on investment, with references to relevant studies on employee engagement, innovative work behavior, and the consequences of recognition.

EMPLOYEE
REWARD AND
RECOGNITION
PROGRAM

PROGRAM PURPOSE
 Recognize each individuals
and teams effectively.
 Minimizing costs related to
employee turnover.
 Provide opportunities to
recognize and
acknowledge all the
members of the
organization.
 To identify that each
employee can make a
difference (Neckermann
and Yang 2017).
 Be fair and flexible while
practicing the
organizational culture.

INFORMATION USED
 Employee
recognition
improves
performance within
workplace.
 79% of employees
are highly engaged
and receives
strong recognition.
 29% receives less
recognition.
 The current
attitudes of the
employees are
surveyed.
 Formal day to day
recognition
compared with
informal recognition.
 Peer to peer
motivation is
observed.

MEASUREMENT
DEMONSTRATING SUCCESS
 Employee engagement
 Improvement in
satisfaction level of
employees (Osborne
and Hammoud 2017).
 Peer involvement.
 Adequate
management of
multiple initiatives.
 Awareness, increased
learning and other
critical performance
metrics.

MEASURES AFFECTING
PROGRAM SUCCESS:
 Number of active
participants
 Award issues
 Activity levels.
 Peer to peer
nominations (Islam
et al. 2017).
 Survey or quiz
data.
 Manager to peer
recognizition

POSSIBLE INDICATORS

FREQUENCY USED FOR TRACKING
AND REVIEWING INFORMATION

NARRATIVE TO MAKE IT
RESONATE WITH LEADERSHIP

THE EFFICACY AND RETURN
ON INVESTMENT