Sunday, June 2, 2019
Motivational and reward tactics
Motivational and reward tactics employed by prominent companies lead to a work environment that energizes employees and promotes better strategy execution. Successful recognition, high job satisfaction, high retention rates, and increased output are other benefits that result from motivational and reward tactics. This can all be observed in the leading software developer SAS, DPR Construction, and Hilcorp.
SAS focuses on providing a balance between work-life and mental health for its employees. The company does this by having an onsite heath center to host its almost 7,000 employees and their families. SAS’s headquarters count with a Frisbee golf course, indoor swimming pool and walking and biking trails. All this helps the company be able to proudly say 95% of their employees actually look forward to going to work.
As one of the top 50 contractors in the US, DPR Construction emphasizes on teamwork and quality. The company does this by providing their employees great features in the work environment. They offer open office floor plans, business cards without titles, and bonus plan for employees. Another of their focus is safety for their teams through rewarding for safe work hours. The reward for this construction company’s safe work hours for employees include a plaque, a safely jacked that displays safety hours, a $2,000 trip and 40 hours of paid vacation time. DPR Construction has proven to their employees that they follow through with their reward tactics by awarding this to 28 employees in 2016.
Hilcorp is a company that explores oil and gas and is well known for its great generosity. The company’s motivational and reward tactics are set to reward every employee after reaching 5 year goals. In 2011 Hilcorp reached their goal of doubling in size and it gave each of their employees a $50,000 dream car voucher of they could take $35,000 in cash. Then in 2015 after reaching another goal it followed through with its incentive program of awarding every employee $100,000.
These three companies are a great example of the different activities than can be taken on by a company to ensure the effective use resources and employees toward the attainment of company goals.
Thompson, A. Crafting & Executing Strategy: The Quest for Competitive Advantage: Concepts and Cases. [Purdue University Global Bookshelf]. Retrieved from https://www.freemanagementresources.com
Collica, R. S. (2017). Customer Segmentation and Clustering Using SAS Enterprise Miner (Vol. Third edition). Cary, NC: SAS Institute. Retrieved from https://www.freemanagementresources.com
Human Resource Management. (2019). Retrieved from https://www.freemanagementresources.com
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