First, the definition of performance award:
Performance award is a reward paid by the unit to motivate employees to achieve a certain performance behavior. Performance rewards include monetary rewards and non-monetary rewards.
There may be many achievements of an enterprise, and achieving performance goals may not be the only achievement of enterprise management. However, because the enterprise itself can only exist by profit, business operators must of course pursue achievements in performance. In order to achieve performance goals, many enterprise departments generally give employees performance rewards.
Second, pay attention to the following matters when making performance certificates:
1, performance standards should be clear and reasonable.
2. The bonus after reaching a certain performance standard should be consistent, that is, anyone who reaches this performance standard should get the same bonus.
3. Establish bonus by incremental method to encourage employees to continuously improve their performance. For example, the completed performance is 120%, the performance bonus is the redundant part of 1% (i.e. 20%), the completed performance is 150%, and the performance bonus is the redundant part of 2% (i.e. 50%).
Benefits of performance awards:
1, motivate employees:
Performance bonus is an incentive mechanism, which can motivate employees to work harder and pursue outstanding performance. If bonuses are directly linked to performance, employees will feel that their efforts and achievements have been recognized and rewarded, thus stimulating higher motivation and enthusiasm.
2. Reward outstanding performance:
Performance bonus is a reward for employees' outstanding achievements and contributions in their work. It can encourage employees to exceed their goals in their work and achieve excellent performance. This reward mechanism can improve employees' job satisfaction and loyalty, and urge them to work hard and make continuous improvement.
3. Promotion objectives:
Performance bonus is usually closely related to employees' performance goals and organizational goals. By setting clear goals and reward mechanisms, performance bonuses can help employees focus on key tasks and results and promote the realization of goals. It can improve the work concentration and efficiency of employees and promote the overall performance of the organization.
4, talent retention and attraction:
Performance bonus can be used as a means to retain and attract talents. Excellent employees often hope to get fair returns and recognition, and performance bonuses can meet this demand.