Memories versus Monetary Rewards
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Transcript of Memories versus Monetary Rewards
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Employee Experiential Rewards:Recruitment & Retention Program
Todd Farina, RN, BSN, MHASeptember 2015
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“...happiness is in the content of moment-to-moment experiences”
(Hamblin, para 2, 2014)
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Provide Lasting ImpressionsMonetary
is momenta
ryMemories
are forever
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Create an Employee Experiential Reward
InfrastructureOffer opportunities for employees to “cash-in” on memories instead of money.
• Money has a measureable value• Once money is spent it is gone• Basic monetary rewards are impersonal• Creating lasting experiences are invaluable and last
forever!
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Create an Employee Experiential Reward
InfrastructureProvide more opportunities for employees to:• Create happy memories• Be rewarded for their hard work• Celebrate employment anniversary milestones• Enjoy wellness through a sustainable workplace
environment• Become emotionally invested in their workplace
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Money Well Spent:Investing in experiences• Have a lasting value• Create relationships and memories• Produce anticipations and excitement• Promotes internal motivations to achieve goals
What to invest in?
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Employee Recognition Events• Annual Company Picnics
• Zoo• Museums• Aquariums• Parks• Ranches
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Employee Relation Events• Sporting Events
• Bowling Parties• Laser Tag
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Experiential Get-Away Rewards
• Weekend getaway• Spa services• Movie night packages• Golf Outings • Water Park Admissions• Ski trips• Vacation packages• Indoor Skydiving
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Tenured Employee Perks• Preferred parking • Additional discounts at coffee cart or café• Employment anniversary packages of
choice:• All expense paid weekend getaway• Press Box seating for professional sporting
events; arrange for employee to throw out first pitch
• Trips • Wine• Gourmet dinners/restaurants
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Employee Wellness:
Healthy Employee Environment&
Healthy HabitsSustainability means to carefully protect current resources for future use and future generations (Schroeder et al. 2013).
Additional considerations to creating a sustainable workplace: • Focus on employee wellness • Sustain a healthier workforce• Incorporate healthier habits in the workplace• A place employees go to exercise• A good habit is hard to break• Create a workplace community of healthy habits
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Healthier Employee options
• Ergonomic workplace• Avoid prolong sitting• Sit-n-stand desks • Lumbar support chairs
• Employee exercise activities• Nutritional coaching (café well)• Fitness coaching
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Employee Wellness Program
• On-Site Biometric Screenings• Evidence-Based Group Health
Management Programs• Individual Wellness Coaching• Exercise Classes• On-Site Gym• Challenges• Walking Club• Hiking Club