Module 4.1C: Rewards & Recognition

Question 1

What are cash rewards?

Answer 1

Monetary awards or bonuses

cash rewards or gifts over a certain amount might be taxable, thus reducing the actual benefit to the employee.

Question 2

What are non-cash rewards?

Answer 2

Non-monetary awards or incentives like parking spaces, vacation days or recognition plaques.

Provide the opportunity to be creative and personalize rewards

For example, an organization whose employees are avid hikers might award a high-end, company-branded day pack to a top performer. Or an organization in a cold climate might offer a paid trip to a wintertime conference in Miami.

Non-cash rewards can also have a “dream” aspect to them. While extra cash can pay off bills, an extra paid vacation day opens many possibilities.

Question 3

Tickets

Answer 3

Sporting events, the theater, concerts — consider VIP options like courtside seats, box seats, or backstage passes

Question 4

Dinner

Answer 4

Team dinner (catered or off-site), company banquet, restaurant gift card

Question 5

Gear

Answer 5

Smart watch, tablet, wireless earbuds, branded outerwear, branded luggage

Question 6

Day off

Answer 6

Additional paid vacation day

Question 7

Travel

Answer 7

Conference in destination city, airline voucher, park passes

Question 8

VIP treatment

Answer 8

Designated parking spot, priority seating at company functions, wall of fame

Question 9

What is a reward?

Answer 9

What’s given through the incentive program or through a recognition program

Question 10

What is an incentive?

Answer 10

An objective tied to goals over a set time period and given when goals are achieved

Incentives motivate employees to achieve desired outcomes.

While commonly associated with sales positions, employers can offer incentives in any department.

Question 11

What is a predictive

Answer 11

Employees may time their output to maximize rewards if they know an incentive period is coming

Question 12

What are unclear goals?

Answer 12

Incentives might encourage certain behaviors, but perhaps not intended ones

Question 13

What is an inappropriate timeframe?

Answer 13

If its too short, employees cannot take full advance. If it’s too long it becomes routine (and possibly expensive)

Question 14

What are complicated rules?

Answer 14

If employees don’t understand the program, they might not participate

Question 15

What are vague rewards?

Answer 15

If the reward isn’t clear, it won’t motivate workers to increase effort

Question 16

What is peer to peer?

Co-workers nominate one another for awards, and “report” standout work.

Answer 16

Cate sets up message board on her organization’s hub where employees can high-five others. It takes few weeks to take off, but soon people in every department are regularly calling out good work.

Question 17

What is manager?

Supervisors highlight positive behavior

Answer 17

At weekly team meeting, Brennan recounts how Kahlid handled a crisis the day before. He describes how Kahlid’s quick and calm response reassured the client and led to a positive solution

Question 18

What is industry?

Workers may apply or submit to industry publications on their own behalf, or their organization might do it for them

Answer 18

Anne’s graphic design work is featured in national trade magazine after her supervisor emailed copy of recent brochure to editor

Question 19

Which of the following are examples of non-cash rewards? Choose all that apply.

Answer 19

• Company branded jacket
• Designated parking spot
• Theater tickets