Reward With More Than Money

In addition to formalized system that offer monetary reward for improved performance, system that provide intrinsic reward should be created as well. HR Managers need to be aware of how the culture operates and what types of behaviors are rewarded by peer group among employees. What way of acting provide employees with a feeling of belonging. With a feeling of being part of something bigger than themselves ? what will elicit feelings of loyalty ? rites, routines, and rituals impact behavior. What ones are necessary to reinforce cultural norms, or what ones will change cultural norms ?

Since 1987, the Malcom Baldridge National Quality Award has been presented to companies that have been the most successful in unitilizing their human resources to improve quality and to enhance strategic practices. This prestigious award is highly revered and difficult to win. Employees involved in helping their companies earn it are proud of their performance and are widely recognized and applauded for their hard work. Companies that have received this honor include Federal Express, Xerox, Motorolla, IBM, GM, and Westinghouse.

Nonmonetary rewards also include career opportunities,challenging assignments, mentoring programs, and the right to help in the design of one’s work