Team Rewards: 20 real Life Lessons (PTTREW)

Wondering which type of reward will work for your team?  Get the answer here 

You may know how to form, train, develop and facilitate teams. But do you know how to reward them? Experts in developing rewards and recognition programs agree: One size does not fit all. The key is knowing which type of plan or combination of plans will work in your situation. And this book, from The Parker Team Series, will help you make that determination.

You’ll learn how to assess your current recognition practices, form a planning team and review corporate goals and values. You’ll also examine how to collect data, draft a pilot program, assess using a focus group, develop a rollout plan and even create an evaluation strategy.  To help you sidestep the potential downsides of rewards programs, the author discusses how to avoid cash awards that lose their motivational impact over time, team-of-the-month programs that set up unhealthy competition and rewards given so long after the performance or behavior occurred they lose their impact.  

Topics include:

• The difference between rewards and recognition plans
• Cash vs. noncash rewards
• Intrinsic rewards: A challenge, constructive feedback and empowerment
• Extrinsic rewards: Public recognition, public presentation and a fun event
• Taxes on cash bonuses and what the IRS requires
• How to conduct an awards meeting

If handled improperly, a rewards program can really backfire and cause hurt feelings, anger and a drop in morale. But follow the guidelines in this book and the program you design and implement will encourage your team to continue the same outstanding performance, inspire others to engage in the same behavior and let your team clearly know its performance is recognized and appreciated. 

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