Rewards & Recognition

Name of the Company:

Location:
Designation:
Department:
Number of Employees:
Various other locations:
Number of years in business:

1. What kind of Reward policy is implemented in your organization?

• Formal
• Informal

2. From the following options considered, the employee gets recognition for:
(Put tick mark where ever applicable)
• Performance
• Milestones
• Birthday
• Length of service
• Marriage
• Innovation & creativity
• Team performance
• Customer Satisfaction
• Contribution towards society
• Any other, specify.

3. Is the reward scheme for every financial year budgeted in your company?
• Yes
• No

4. If yes, what percentage of revenue is earmarked for the reward in the financial year?

5. The Reward system in your organization is

• Monetary
• Non monetary
• Both
• No defined rewards

6. What are the various Non monetary rewards practiced in your organization?
7. Is the reward system practiced in the organization properly communicated to all the
employees in the organization?
• Yes
• No
If yes, How?

8. How often are the employees rewarded?

• Monthly
• Quarterly
• Half yearly
• Yearly
• Occasionally based on extra ordinary accomplishments.

9. What are the behaviors that you are trying to encourage in your employees?

10. Are all the employees eligible for the Reward as per your company policy?
• Yes
• No

11. If No, which level of employees are eligible?

12. The criteria considered for rewarding the employees:

13. In your organization employees are considered for Reward and Recognition mostly for,
• Innovative and Creative Ideas
• Increased productivity/results/outcome
• Customer Satisfaction
• All of the above
• Others

14. How is an employee selected for a reward? It is through

• Group vote
• Decision from top officials
• Decision from a single manager
• None of the Above

15. How is the company benefited from the rewards and recognition?
• Improved performance
• Reduced absenteeism
• Others (Please explain)

16. How old is the current Reward Policy?

17. How frequently do you bring changes in the Reward system practiced in the
organization?
• For every 2-3 years
• For every one year
• For every six months
• None of the above

18. Are the employee suggestions considered while reviewing the Reward program?
• Yes
• No

19. How do you treat Non-Performers in your organizations?

• Training to develop their skills
• Any counseling been done
• Any other measures

20. If there is no improvement in the Employee’s performance would you

• Review job of the employee
• Transfer of Department
• Demotion
• Pay/Salary Cut
• Termination

21. What do you think are the short comings in your company’s Reward & Recognition
Scheme? (If any)

22. What are the measures taken to overcome or correct the same?

23. What is the upper and lower limit in case of monetary rewards for recognition?

24. What is the approximate value of the non-monetary rewards given by your organization?