Rewarding the Collective for the Success of the Individuals - Angela Hooper-Menifield

Angela Hooper-Menifield - "The Business Side of People"

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Introduction
Often business owners and organizations create a practice of rewarding individual performance — not team accomplishments. As research continues to grow regarding the value of collaboration, it has become essential that companies, leaders and organizations find ways to incentivize and reward collaborative behaviors, such as helping others reach their goals.

Show Objectives
On today’s show, we will think into why business owners should:

• Ensure employees are not only rewarded but done so in a way that supports the values of the organization
• Take an introspective look at their reward system in order to achieve a fresh perspective and gauge if it is producing the results they desire
• Revitalize, revamp or revisit ways to develop, design and deliver rewards that facilitate helping others

Key Issues

1. Organizational Value Of Reciprocity - When we help others, they desire to help
2. Informal Recognition Programs To Reinforce Helping
3. Formal Reward Programs For Helping

What You Need to Do

1. Lead By Example (Model the Values and Efforts You Desire to See in Your Team)
2. Create a Collaborative Rewards Program with Employee Input
3. Educate Employees on Program and Ensure Proper Implementation

Shows
Previous: Episode P4.09.3 How to Create a Culture of Going the Extra Mile

Next: Episode P4.09.3 Creating a Pay Structure of Value

Written by Angela Hooper-Menifield
“The People Side of Business”
Podcast - https://pod.co/the-people-side-of-business-with-angela-hooper-menifield
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LinkedIn - https://www.linkedin.com/in/angelahoopermenifield/
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