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Advanced Guide: How to Reward and Recognize Employees for Innovation

Published by: Futurethink

Published: Jan. 1, 2008 - 34 Pages


Table of Contents


INTRODUCTION. A key to sustainable innovation: energizing employees

PART ONE: LEARN FROM THE LEADING INNOVATORS

Framework. Four ways to energize employees for innovation

Role Models. How leading innovators motivate their employees

Blending All Four Approaches. Case in point: Procter and Gamble

PART TWO: DEVELOP A REWARDS AND RECOGNITION PROGRAM FOR INNOVATION

Starting Out. Things to consider before building your rewards and recognition program

Jumpstarts. Bring innovation to life in your organization

Worksheets. Mapping your rewwards and recognition program

Filled-In Example. How one sample company might build their program

Suggested Roadmap. How to roll out a rewards and recognition program in your organization

PART THREE: RESOURCES TO LEARN MORE

Google This. Search terms to learn more

Sources and References. Online and offline sources for additional information

Blank Worksheets. Worksheets you can print and use in your organization

Abstract

How can you incentivize your employees to innovate? Employees are the lifeblood of innovation. Their active participation ensures that innovation doesn't go through frustrating cycles of fits and starts. Rewards and recognition play a critical role in energizing them. But, what's the right incentive program for them? Do you offer monetary rewards or focus more on recognition? Do you focus on individual or team rewards? Or do you not reward some things at all? This 34-page Tool will help you design a robust and methodical rewards and recognition program that will energize your workforce and make your innovation efforts sustainable and organic.

What You Can Do with this Tool:
* Discover four fundamental mechanisms for motivating your workforce.
* Learn from over 25 real-life examples of how other organizations energize employees.
* Take advantage of more than 60 practical motivation techniques (both long- and short-term) that you can use in your organization.
* Get a detailed overview of the business issues you need to consider while designing your program.
* Use a six-step worksheet to design your rewards and recognition program - includes instructions and a filled-in example that brings the tool to life.

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