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MARCH 2011 | MY SETTINGS
60 Second Solutions
by Wood Personnel Services
Dear Reader,

Do you know the top three things your employees want from their jobs? (Besides more money.) One study shows the top three things workers want are:
  1. Interesting work
  2. Full appreciation for the work they do
  3. A feeling of being included
That in mind, does your reward system need a check-up? Check your system against the points in this issue of 60 Second Solutions.

Stephanie Baker
Wood Personnel Services
Does your reward system
need a check-up?
Holiday Stress!The Challenge: Making employee reward systems more rewarding

The 60 Second Solution:
In 1964, Victor Vroom (a researcher) discovered that employees are only motivated by rewards that they want and they have a shot at obtaining.

So take a look and compare your current system against the following criteria:
  1. Find out what employees really want. In other words, what do your people value?
  2. Develop flexible reward systems that provide a variety of attractive outcomes.
  3. Make a clear connection between the behavior you want and the reward.
  4. Ensure that employees are trained properly so that they have the ability to do their jobs successfully (give them a realistic shot at success).
Source of information: Carrots.com


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