Reward Systems for Employees

Engagement
Benefits of reward system
Reward systems in organizations have far-
reaching consequences for both individual
satisfaction and organizational effectiveness.
 Point based reward system

• Reward systems make the task of allocating these points very easy. The managers
can set the type events of events for which the employees should get reward
points. Along, with this they are also able to keep an eye on the usage of points
which enhances the transparency .
• Points can be accessed by the employees for their benefits for tickets, learning ,
leaves etc
 Health Programs as rewards
• Medlife.com provide different packages from ranging to 600rs- 1600rs
• 1 mg as well provides packages from rs 600-1200rs
• Healthians provide full body package of rs 1000 and free doctor consultantance
• Meditest provides full body check up in 800rs with approx 80 test
• Daigonstics centre provide of 69 test in 1300rs
• Appolo provides its various check up at affordable price
• Fortis has various packages as DELUXE PACKAGE , WHOLE BODY PACKAGE , BASIC PACKAGE ,
CARDIAC PACKAGE ETC.
• These can be provided to the employees as in this era where every individual is cautious of their
health. This will also help in maintaining the warmth in employees and trust in the organization as
employees will relate to this as the compassion shown by the organization. And the feeling of
family would be generated.
 Learning programs as the
rewards

Various learning programs could be started by the organization to encourage the

employees in the organization in order to make the employees more engaged
and zealous. These programs will help built the human capital asset in the
organization as well as building up the employees knowledge for their own as
well as the organization benefits. This will make the employee engagement high.
 Various platforms for knowledge
building
 Udemy
 Course era
 Skill share
 TCSION
 Quick start
 Khan academy
These all online platforms accompanying the various offline learning
programs like pdp sessions will help groom the employees and
increase their skill set which will be beneficial for the
organization.
 Arranging picnic , office parties , team
celebration for employee engagement and
efficiency and for building the harmonious
relations among the employees
 Conclusion

Any of this reward system or synergism of all these

rewards system can be applied in the organization
for the better efficiency of the employees inside the
organization . As well this will help in taking a step
towards building a MNC culture in an organization.
Thank you!