WELCOME

EMPLOYEE EMPOWERMENT AND RECOGNITION

& REWARD
EMPLOYEE EMPOWERMENT

DEFINITION:
Empowerment is the process of sharing power with employees
Characteristics of empowered
employees

Trust
Mutual respect
Involve in the decision making
Building the corporation
 Significance of Empowerment

Enhances beliefs of employees that they are influential contributors to the organizational
success.
Employees perceive meaning of work.
Employees feel competent.
Employees derive a sense of self-determination.
Employees believe that they have an impact on important decisions.
Disadvantage

Increased arrogance
Lack of experience
Poor knowledge and understanding
Additional cost of training
Abusing power
RECOGNITION

It is an ongoing communications activity by which appreciation is declared

for the contributions of individuals or groups.
Why is employee recognition important?

Increases employee motivation.

Improves employee retention.
Enhances loyalty.
Gives employees a sense of belonging in their place of work
Improves morale
Helps build a supportive work environment
REWARDS

prize that the head of an organization gives to employee/group for doing an

exceptional job at work. It can be monetary or not, and the idea is encourage
employee to continue achieving.
kinds of rewards:

1. Financial Rewards
2. Non-financial Rewards
3. Performance Based Rewards
4. Membership Based Rewards
Financial Rewards

Financial rewards means those direct and indirect payments that enhance
an employee's well being. Financial rewards make employee financially sound so
that he/she can fulfill his/her material desire. Direct payment consists of salary,
wages, commissions, incentives, bonus, allowances etc. Indirect payment include
pensions, medical insurance, paid leaves, paid sick leaves, etc.
 Non-financial Rewards

Non-financial rewards are those employee benefits that do not

enhance an employee's financial well-being However, such rewards
provide more job satisfaction. Promotion, prefered lunch hours, preferred
office furnishing, parking spaces, impressive job title, desired work
assignments, business cards, own secretary etc. are some of its examples.
 Performance based rewards

Performance based rewards are such benefits which are provided

on the basis of an employee's job performance ability. The reward depends
upon the performance of an individual in the actual work floor. These
rewards are exemplified by the use of commissions, piece work pay plans,
incentive systems, group bonuses or other forms of merit pay plans.
 Membership Based Rewards

Membership based rewards are those rewards that are paid on the
basis of being a member of an organization. It means, the basis of allocating
rewards is employee's organizational membership. Hence, the reward goes to
all employees irrespective of their performance.
THANKYOU