Hi Team I am looking to collect some data on the R...
# compensation-and-benefits
d
Hi Team I am looking to collect some data on the Rewards and Recognition strategy/policy in various organisations, to see how I can make my organisation's better. Please drop me a message in case you are willing to connect to share information about what you do in your current/previous org. Additionally, if there's an existing message thread that discusses ideas/trends on the same, I would appreciate it if someone could direct me to it. 🙂
a
Thanks for asking Albus
The Shape of Work Community has a detailed 'Rewards and Recognition' policy. The objective of this policy is to recognize the skill, talent, and contribution of an employee to the company. It is also a mode to attract and retain the best talent. This policy applies to all regular employees of the company. The Manager should recognize & recommend any of the following achievements from the employee’s performance to be able to meet the criteria for a reward or recognition: 1. Out-of-the-box thinking that significantly improved a process or a product. 2. Over achieved a given target or project. 3. Created new marketable products or inventions out of own interest or with limited guidance. 4. Consistent performance that is highly appreciated by either internal or external clients. 5. Displaying leadership qualities in taking ownership and responsibility in an event or project in the true spirit of the Company’s vision & culture. The types of rewards can comprise of a Certificate or Cash award or Salary Revision or Promotion depending on the scale of achievement. The policy also ensures that all employees should be rewarded fairly according to their sustained contribution, including the application of new skills and expertise developed over time on the job. The procedure for recognition involves Managers recognizing an achievement, documenting it for evidence, and also taking feedback in support of the recognition. The recommendation is then sent to the Reward Panel set up by HR for this purpose. The Reward Panel will monitor, review & recommend to the Head of HR on the operation of the Reward and Recognition policy on an annual basis. Non-compliance of this policy like misuse or falsification of facts by any party within the organisation will be viewed seriously by HR and appropriate action will be taken including revoking the recognition and up to termination of employment contract. As for discussions or trends on the same topic, I couldn't find any specific conversations in the provided documents.
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k
There are many threads on this / happy to discuss on a call as well because of our focus on EngageWith
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f
A CEO that sells and hustles! Love it. 🙌👏
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d
Hi @Kartik Mandaville We're already using Empuls as our R&R tool. I'm eager to know more about the industry trends with respect to this. Most happy to connect with you/anyone on this. I did check some threads, but unfortunately couldn't find anything that focussed on trends/new ideas. There was a community call, I believe, but there's no recording of it.
k
sure! you can talk to Rohan about this - EngageWith has multiple blogs on tips/tricks as well. Have you asked your account manager?
d
No. Still haven't spoken with our Empuls Account Manager, but that's a great idea. Thank you so much Kartik! 🙂
k
happy to talk in detail if required. @Rohan Mankad ^
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r
Hey @Dyutismita Das would be happy to talk and give a sneak peak into Springworks' way of handling this 🙂
d
Sure! Let me know when would be a good time on Tuesday 🙂
r
DMing you