5 reasons why company awards suck
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Transcript of 5 reasons why company awards suck
Award framework
By Arun Purohit
Introducing
AWARD 2.0
Lets first find out 5 reasons why employee reward systems SUCK
#5 Bozos stay put overtime to impress the bosses ?
#4 Very little given beyond a certificate and claps ?
# 3 The smart guys just slip through?
# 2 Little questions the nominations from Top guns
#1 Crying babies walk away with milk ?
WHY MUST WE CHANGE THIS ?
Duty? Activity ? Mission? Transformation? Software
HOW CAN WE?
Here are some ideas:
Award Process Engine 1.0?
Finding Top performers
Nomination Form
Verifiable Evidence
Honour Code
I
Innovation cultureHigh performance
Better MoraleBetter Product
Inspirations
Winner list+Certificates+
Gift Vouchers+Linked in Reco
??Innovator wall
Impact AnalysisVerificationScalability
Showcase + VotingPanel
Skill Demo
5 potential improvements
#5 Relies on solid evidence
#4 Merit. Nothing but the merit
Truth. Nothing less than the whole truth
Defining the ethics nominator
and panel will follow
#3 Making it coveted. Aspirational
#2 Aligned to company KPIs , KRAs
#1 Highest Morale
Conclusion
What’s Your Message?Lets make it better