REWARD

Rewards within a company

With many organisations offering staff incentives, one company stands out as a prime example. Leisure services is run by a local council, and consists of 6 leisure facilities, the worlds longest pleasure pier, Foreshore Inspectors and local parks.
The organisation prides itself on having long serving staff, and students who return during the summer holidays, time and time again.
So why do staff enjoy working for Leisure Services?
The answer to that is that the organisation offers a good bonus scheme, to all staff.

Staff Rewards

Within the Leisure industry all staff are given;

• Free entry to all leisure facilities, for staff and their family.
• Promotion from within the organisation.
• Training courses available.
• Pension Scheme.
• Teamwork activities.
• Group activities outside of work.
• Competitions with other centres.
• Employee of the month.

Fairness and Equity

Throughout the Leisure service sector all staff are given the opportunity to progress. Staff training is catered for all departments, from admin, cashier, recreation attendants to managers.Competitions, arranged each month, are a vital way for all departments to mix together. All staff are encouraged to participate.

With fairness and equity all staff feel valued and appreciated. Team spirit plays a big part in the Leisure industry.

Chief Executives and Bonuses

In February 2010, the RBS announced that it was paying their top staff bonuses amounting to £1.3 billion. This has caused arguments, both for and against, the idea.

For

1. Banks need the best staff to help make a profit.
2. Banks contribute to the economy.
3. It is an incentive to keep staff from leaving.

Against

1. Banks pay out too much in bonuses.
2. It costs the economy millions of pounds in debt.
3. Targets set have not been met. (Guardian, 2010)

Rewards for Teachers at a Primary School

Financial rewards can be;

• Salary increase, each year in grades
• Bonus for meeting targets set
• Increased budget for student activities

Non-Financial rewards can be;

• Acknowledgement and appraisal
• Further educational qualifications
• Promotion to higher status

To be given a reward can be fulfilling itself. Rewards do not have to be financial, to motivate staff. The acknowledgement and appraisal are best suited, as it offers progression and further training.

References

Guardian, 2010 [Online] Available at: http://www.guardian.co.uk/business/2010/feb/24/rbs-bonuses-ukfi-approval [Accessed 21 May 2010]