BALANCE AT WORK BLOG

The 3 C’s of performance and rewards

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There’s not much time for writing today as I’m busily putting the finishing touches on tomorrow’s webinar.

If you are planning to reward good performance in your team, here are three things to remember:

1.  Always be clear about what you will reward, when and how.  Let your team know what you will be measuring and why.  Rewards are more effective if people know about them in advance.

2.  Stay consistent both in the rewards that you give and the reasons for them.  This means consistency across time and across individuals.  Note:  Being consistent does not mean you have to reward everyone equally.  See point 1.

3.  Be committed to delivering on the rewards you have specified.  If you have any doubt that you will not be able to pay bonuses, for example, then don’t offer them.  It’s very hard to recover from the damage done by a promise that isn’t kept.

That’s it for today.  There will be lots more great information about performance management and rewards in tomorrow’s webinar, so make sure you click here to register

PS. Even if you don’t think you can attend live, it’s worth registering for early access to the recording.

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