Course description
Rewarding Employees and Project Team Members Without Breaking the Bank - In House
Your wallet is empty but you still need to reward your employees or project team members? Check out these eight morale boosters to show you care!
With a tight budget, how do you keep morale high? This is not a new problem it is something with which managers have perennially struggled; in fact, we can trace this problem and creative solutions to it all the way back to projects like the construction of the Giza Pyramid and the Roman Colosseum.
Over the course of time, different reward systems have been used successfully to motivate individuals and teams to deliver projects. For example, the French Panama Canal Project (1882-1888) chose the wrong reward system that ended up bankrupting the project while only achieving meager results. Later, the U.S.A. learned many lessons from this project failure, and took a very different approach in setting up a reward system which resulted in the successful completion the project in 1914.
Upcoming start dates
Who should attend?
Prerequisite
There are no prerequisites, this is a stand-alone course.
Training content
Introduction
- Introductions
- Why do we reward?
- Rewarding Benefits for the Giver and Recipient
- Exercise: The Pros and Cons of Rewarding
Controversies Surrounding Rewarding
- Whether or Not to Reward
- Size of Rewards
- Misuse of Rewards
- Exercise: Exploring Barriers to Rewards
Choosing the Right Reward
- Suiting the Person
- Suiting the Accomplishment
- Tying the Reward to the Accomplishment
- Giving the Reward in a Timely Fashion
- Discussion: Sharing Personal Examples
- Exercise: Choosing the Right Reward (Case Studies)
Delivering a Reward Successfully
- Preconditions to effectively giving a reward
- Examples of ineffective rewards
- Discussion: Sharing Personal Examples
Individual vs. Team Rewards
- How they affect people differently
- Competitive Rewards vs. Hurdle-Based Rewards
- Exercise: Case study on team vs. individual rewards
Reward Mixes and Programme Design
- Notes on Optimizing Rewards Mixes
- Exercise: Case study on rewards programme design
Categories of Rewards and Reward Ideas Wrap Up
- Recap of Key Points
- Workshop evaluation forms
Certification / Credits
Learning Objectives
Participants will gain practical skills to:
- Reward your team members at low or no cost
- Build a mix of rewards that encourage the right behaviors
- Prepare a rewards budget
- Understand why we reward, and why some people are uncomfortable giving rewards
- Choose the right reward
- Give a reward most effectively
- Understand the pitfalls to avoid, including how some rewards can destroy team-building efforts
- Build a rewards program using 8 categories of inexpensive rewards
Contact this provider
Procept Associates Ltd.
Since 1963, Procept (and its subsidiaries) have trained over 1 million people from over 17,000 organizations. We focus on developing competencies in project management, change management, agile management, leadership, business analysis, IT and data management, as well as soft skill...