Empowered like Mary to lead in service
A M J
MCHS
Organization and Management
Performance Task
COMPANY NAME ___________ 12- ___________ Date: ______________
I. GROUP MEMBERS (Surname, CN)
__________________, __________________, __________________
__________________, ___________________, __________________
__________________, __________________, __________________
II. COMPANY DESCRIPTION
III. AIM
To attract and retain the best talent.
To recognize the efforts put in by the employee in terms of performance,
attitude, and achievements.
IV. PURPOSE
To build up an organizational culture where good work done by employees is
valued and their tremendous efforts are recognized.
V. SCOPE
This policy is applicable to all the regular employees of (Name of Company)
VI. COMPONENT OF REWARD STRUCTURE
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A. Type of Reward – Employee of the Year Award
B. Criterion – Excellence in all spheres of the work done
C. Timings of the Reward – Annually
D. Kind of Reward – Cash Prize (25,000 Php), One week paid vacation, All
expenses paid Pampering day.
VII. PARAMETERS FOR REWARD PROGRAMME
The various parameters to be taken into consideration for rewarding
performance are as follows:
1. Level of job performance ability of an individual thereby rewarding
performance of an individual.
2. Extraordinary efforts put in by an employee in a given task.
3. The Longer stay in service of the company.
4. The Individual with special skills is recognized and rewarded.
5. The Employee who has done a job well despite being complex such
employees are appreciated and awarded.
6. Exhibition of skills that helps in getting work done more effectively.
7. Exhibition of leadership skills is another way to reward employees. Leadership
skills used in getting the complex job done demand rewards.
8. Contribution to process improvement.
9. Doing service above the normal routine.
10. One time outstanding effort which helped the company as a whole.
11. Initiative to work on special projects.
12. Initiative in wastage reduction.
13. Helping colleagues even after fulfilling one’s own duty.
14. Higher quality works consistently.
15. Exceptional dependability.
16. Any extraordinary work is done which has increased the image of the
department.
17. Exhibition of team spirit.
18. Exceptional work was done by the team as a whole.
19. The Exceptional contribution of the entire team to get the work done.
20. Outstanding work by going an extra mile.
21. Innovation in work done in routine.
22. Excellent response to customer care.
23. Perfect attendance.
24. High level of extraordinary work is rewarded.
25. Education, training, and development.
VIII. STEPS FOR REWARD AND RECOGNITION
1. Make all regular employee of the organization eligible under the reward
and recognition programme.
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2. Clearly choose the parameters with specific information that will be
rewarded and recognized.
3. Knowing the parameters clearly will let the employee do work with more
effectiveness and sincerity.
4. Meeting the reward criterion is a tough task and the employer must
consider all factors that affect the performance of the employee.
However, all the employees cannot be shortlisted for reward in such
case random picks and choose to be done.
5. The recognition must occur as close to the performance of actions as
possible so that the behaviour that attract reward is reinforced. Such
behaviour brings in Motivation in the workplace.
IX. KEY RESPONSIBILITIES
A. Employees
1. To exhibit the values of the organization in their day to day work.
2. Meeting targets assigned to them .
B. Managers
1. Proper and fair treatment for all team members.
2. Efficiently recognizing team and individual employee efforts.
3. Monitoring employee performance
X. REWARD AND INCENTIVE
Monetary Incentive: Monetary incentive means a kind of incentive that pays
for good performance of employee through Money. Monetary incentive
includes Merit Pay, profit sharing plan, Pay and allowance, commission, stock
option, bonus, suggestion plan and perks, fringe benefits and pre requisites.
Non-Monetary Incentive: Non-monetary incentive is given to an employee for
best performance through perks and opportunities. These are valuable to the
employee as they result in the increased morale of the employee as they get
to learn new skills and can pursue the advance opportunity. It is not necessary
that only money is the motivator, when the Non-monetary incentive is rewarded
to the employee it results in satisfaction of self-actualization and self-esteem
needs.
(Kindly indicate if your reward is monetary or non monetary or both. And briefly
describe the incentive e.g amount etc. )
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XI. NOMINATION AND SELECTION PROCESS
1. Reporting manager recognize the contribution of the employee.
2. Reporting manager seeks approval.
3. Approval received.
4. Awarding of the incentive
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