+ All Categories
Home > Leadership & Management > Memories versus Monetary Rewards

Memories versus Monetary Rewards

Date post: 12-Apr-2017
Category:
Upload: todd-farina-mhabsnrn
View: 48 times
Download: 0 times
Share this document with a friend
13
Employee Experiential Rewards: Recruitment & Retention Program Todd Farina, RN, BSN, MHA September 2015
Transcript
Page 1: Memories versus Monetary Rewards

Employee Experiential Rewards:Recruitment & Retention Program

Todd Farina, RN, BSN, MHASeptember 2015

Page 2: Memories versus Monetary Rewards

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

(Hamblin, para 2, 2014)

Page 3: Memories versus Monetary Rewards

Provide Lasting ImpressionsMonetary

is momenta

ryMemories

are forever

Page 4: Memories versus Monetary Rewards

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!

Page 5: Memories versus Monetary Rewards

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

Page 6: Memories versus Monetary Rewards

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?

Page 7: Memories versus Monetary Rewards

Employee Recognition Events• Annual Company Picnics

• Zoo• Museums• Aquariums• Parks• Ranches

Page 8: Memories versus Monetary Rewards

Employee Relation Events• Sporting Events

• Bowling Parties• Laser Tag

Page 9: Memories versus Monetary Rewards

Experiential Get-Away Rewards

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

Page 10: Memories versus Monetary Rewards

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

Page 11: Memories versus Monetary Rewards

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

Page 12: Memories versus Monetary Rewards

Healthier Employee options

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

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

Page 13: Memories versus Monetary Rewards

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


Recommended