Download - Monetary versus Memories
Employee Experiential Rewards:Recruitment & Retention Program
Todd Farina, RN, BSN, MHASeptember 2015
“...happiness is in the content of moment-to-moment experiences”
(Hamblin, para 2, 2014)
Provide Lasting ImpressionsMonetary
is momenta
ryMemories
are forever
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!
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
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?
Employee Recognition Events• Annual Company Picnics
• Zoo• Museums• Aquariums• Parks• Ranches
Employee Relation Events• Sporting Events
• Bowling Parties• Laser Tag
Experiential Get-Away Rewards
• Weekend getaway• Spa services• Movie night packages• Golf Outings • Water Park Admissions• Ski trips• Vacation packages• Indoor Skydiving
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
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
Healthier Employee options
• Ergonomic workplace• Avoid prolong sitting• Sit-n-stand desks • Lumbar support chairs
• Employee exercise activities• Nutritional coaching (café well)• Fitness coaching
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