May 2022
Intermediate to advanced
288 pages
7h 6m
English
Content preview from Reward Management, 3rd Edition
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Recognition and non-cash reward
Introduction
In Chapter 10 I discussed the things to look out for when reviewing and designing bonus plans. I raised some issues that suggested that using recognition and/or non-cash can work more effectively than bonus:
Where the time span of impact is short – do not use annual bonus plans but immediate or very short-term non-cash awards.
Where a direct financial incentive is unlikely to work – use recognition.
Complement bonus plans with non-cash.
Whilst I believe that more effective use of recognition will deliver more value than bonuses, it is not a nil sum game. For reasons I will discuss here, I believe that recognition is important for everyone. The 2017 CIPD Reward Management survey (CIPD, 2017a) shows ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.