Is Paid Vacation Enough?
Posted on June 22, 2012 by TNS Consulting Team (via Scott Spayd)
How much paid time off do you receive each year at your current job? Our jobs can be very demanding at times leaving us in need of a break. The question is: Is time off always enough? When we are offered a job, the big discussions center around salary and weeks of vacation. Everyone wants more of both.
Through my graduate studies, I have realized there is more to a job than just the salary. I was encouraged by professors to negotiate more vacation. But, what it really comes down to is what an individual employee values. I have friends that have accrued weeks of vacation, but have no plans on taking them anytime soon. To some, vacation is not important.
The bottom line: rewards are important to employees. But, rewards should not always be seen by employers as the weeks of vacation an employee receives each year. Instead, rewards should be determined based on individual employees. Every employee has different values and different perspectives as to what constitutes a reward.
How can your organization discover what rewards are valued by employees? Ask them!
A great way to learn how to reward employees more effectively is to discuss rewards during performance appraisals. After all, rewards are typically given for high performing employees. The panel survey indicated only 45% of employees feel rewards are given for performance on the job.
During performance appraisal meetings, the employee and manager should not only discuss the employee’s level of performance for the given time frame, but they should also talk about rewards for performance. This is a great opportunity for managers to make note of what each employee views as an incentive or reward.
What do you consider a great reward from your organization? Are organizations being creative enough?