What Is a Monetary Award?

An enterprise may have many kinds of achievements. Achieving performance goals may not be the only result of enterprise operation. However, since enterprises can only exist by relying on profits, of course, business managers must of course pursue performance achievements. In order to achieve performance goals, many corporate departments give employees performance rewards very commonly.

Performance award

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The performance award refers to the company's payment of incentives for employees to achieve certain performance.

1.HP

Hewlett-Packard's sales representative has a good record, or when he completes an important sales task, the sales person will bring his "pistachio" to his house to congratulate him.

2.IBM

IBM uses medals to encourage sales representatives to promote new products. For example, when IRM is looking for distributors to display and sell their "OS / 2 operating system" software, as long as a salesperson can bring 15 interested distributors for the company, they can get A bronze medal, and marketing representatives who bring more business, can get silver or even gold.

3. Sharp Software

"Sharp Software", which makes electronic game consoles, has nine business representatives, and their performance is ranked every month. In addition to the prescribed commission, the first place can get a 500 yuan bonus, and the best office in the business department will be used by him.

4.Aoke Communication Enterprise

A business representative of communications system manufacturer Octocom Systems can get a one-man full package if it reaches its scheduled monthly sales. We know that the collection of dinner plates usually does not complete until four or eight servings. During the crucial sales months, they only served a four- or eight-person plate.

5.Xerox

Xerox had a promotional program called "Fast Runway." The background layout is based on the theme of a sports car. The rewards of this plan are not only business representatives, but also those who have given technical assistance and their managers.

The way to reward is to count points. The accumulated points can be exchanged for goods or cash. The amount ranges from 10 yuan to 10,000 yuan. In addition, the company also sent battery-powered Ferrari models and Mars plugs. To send a spark plug is to take the meaning of "ignite the spark of creativity".

6. "Perfect Language" Computer Software Company

At a Christmas party, Ashton, president of computer software company Perfect Language, said publicly: "If our turnover next year doubles this year, I will send all 600 employees and their spouses to Hawaii for a holiday. week."

In the second year, the company's turnover really doubled. Ashton lived up to expectations and did what he said. He divided 600 employees into groups of 10 and used their annual leave to take their spouses to Hawaii for a week on vacation.

The reward took a total of 8 months to complete, and all bills were paid by the company.