Memories versus Monetary Rewards

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Employee Experiential Rewards:Recruitment & Retention Program

Todd Farina, RN, BSN, MHASeptember 2015

“...happiness is in the content of moment-to-moment experiences”

(Hamblin, para 2, 2014)

Provide Lasting ImpressionsMonetary

is momenta

ryMemories

are forever

Create an Employee Experiential Reward

InfrastructureOffer opportunities for employees to “cash-in” on memories instead of money.

• Money has a measureable value• Once money is spent it is gone• Basic monetary rewards are impersonal• Creating lasting experiences are invaluable and last

forever!

Create an Employee Experiential Reward

InfrastructureProvide more opportunities for employees to:• Create happy memories• Be rewarded for their hard work• Celebrate employment anniversary milestones• Enjoy wellness through a sustainable workplace

environment• Become emotionally invested in their workplace

Money Well Spent:Investing in experiences• Have a lasting value• Create relationships and memories• Produce anticipations and excitement• Promotes internal motivations to achieve goals

What to invest in?

Employee Recognition Events• Annual Company Picnics

• Zoo• Museums• Aquariums• Parks• Ranches

Employee Relation Events• Sporting Events

• Bowling Parties• Laser Tag

Experiential Get-Away Rewards

• Weekend getaway• Spa services• Movie night packages• Golf Outings • Water Park Admissions• Ski trips• Vacation packages• Indoor Skydiving

Tenured Employee Perks• Preferred parking • Additional discounts at coffee cart or café• Employment anniversary packages of

choice:• All expense paid weekend getaway• Press Box seating for professional sporting

events; arrange for employee to throw out first pitch

• Trips • Wine• Gourmet dinners/restaurants

Employee Wellness:

Healthy Employee Environment&

Healthy HabitsSustainability means to carefully protect current resources for future use and future generations (Schroeder et al. 2013).

Additional considerations to creating a sustainable workplace: • Focus on employee wellness • Sustain a healthier workforce• Incorporate healthier habits in the workplace• A place employees go to exercise• A good habit is hard to break• Create a workplace community of healthy habits

Healthier Employee options

• Ergonomic workplace• Avoid prolong sitting• Sit-n-stand desks • Lumbar support chairs

• Employee exercise activities• Nutritional coaching (café well)• Fitness coaching

Employee Wellness Program

• On-Site Biometric Screenings• Evidence-Based Group Health

Management Programs• Individual Wellness Coaching• Exercise Classes• On-Site Gym• Challenges• Walking Club• Hiking Club