{"id":2986,"date":"2015-12-22T05:15:34","date_gmt":"2015-12-22T05:15:34","guid":{"rendered":"http:\/\/blog.synergita.com\/?p=2986"},"modified":"2015-12-22T05:15:34","modified_gmt":"2015-12-22T05:15:34","slug":"how-can-rewards-and-motivation-help-people-in-software-industry","status":"publish","type":"post","link":"https:\/\/newtest.synergita.com\/blog\/how-can-rewards-and-motivation-help-people-in-software-industry\/","title":{"rendered":"How can rewards and motivation help people in software industry?"},"content":{"rendered":"<p>Do you know that there are 18.9 million software professionals world wide ? It is almost 0.25% of the total population and is expected to grow to 26.4 million by 2017. Today the US leads the world with the highest number of software professionals. India is expected to surpass the count very sooner.<\/p>\n<h4><strong>How much are you investing in hiring?<\/strong><\/h4>\n<p>We can segregate software companies into 2 based on how they hire their employees. One, hiring freshers (either campus picked or through offcampus) and two, hiring laterals\/experienced people to fill in vacant positions (when key persons leave, when there are open positions, etc.).<\/p>\n<p>When the pink foot (here I mean freshers) step into the organization, they are split into groups and are trained on certain streams based on the need, after which they are placed in work.<\/p>\n<p>When it comes to hiring experienced professionals, people in and around the team must spend time to make him\/her understand the product\/job. \u00a0Productive hours of every individual make it a count here.<\/p>\n<p>Either ways companies spend considerable amount of cost on hiring, onboarding and training employees. Also, organizations spend lot of time and put in lot of efforts to train employees to work. Organization suffers great impacts when they leave half way through or after the training. It will take two to three months to bring in a new employee, make him\/her aware of the product\/service, make him\/her understand the product and to start the entire work right from the scratch. The work until then will have to be paused and will impact the business.<\/p>\n<p>So, it is important for organizations to devise mechanisms to curb attrition. <a href=\"https:\/\/www.synergita.com\/features\/employee-engagement.html\">Employee engagement<\/a> and motivation is a way to go about it.<\/p>\n<h4><strong>How important is Employee motivation in Software Companies?<\/strong><\/h4>\n<p>*organization \u2013 here I refer to software companies<\/p>\n<p><a href=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/balance4_paint.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-2988\" src=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/balance4_paint.jpg\" alt=\"balance4_paint\" width=\"522\" height=\"386\" srcset=\"https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/balance4_paint.jpg 689w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/balance4_paint-300x222.jpg 300w\" sizes=\"(max-width: 522px) 100vw, 522px\" \/><\/a><\/p>\n<p>An organization is a cumulative network that grows every day despite recession, layoffs, attrition. An organization is as similar as a weighing balance \u2013 consider organization (growth) on one end and employees on the other, the beam is nothing but how organizations hold employees to them, to attain the equilibrium. The centre point is very critical and it is nothing but the strategies that organizations adapt to retain their employees.<\/p>\n<p><a href=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/balance8_paint.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-2989\" src=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/balance8_paint.jpg\" alt=\"balance8_paint\" width=\"546\" height=\"307\" srcset=\"https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/balance8_paint.jpg 822w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/balance8_paint-300x169.jpg 300w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/balance8_paint-768x432.jpg 768w\" sizes=\"(max-width: 546px) 100vw, 546px\" \/><\/a><\/p>\n<p>The most important factor being motivation and rewards, without which any organization suffers attrition and the worst.<\/p>\n<h4><strong>Motivation kicks start employees work appetite<\/strong><\/h4>\n<p><a href=\"http:\/\/blog.synergita.com\/2015\/07\/4-steps-to-achieve-21-higher-productivity-employee-engagement\/\">Motivation<\/a> kicks start a person\u2019s abilities and capabilities, turns any person optimistic, encourages to put in relentless efforts to scale higher. When an employee who brings good name to the organization is brought before the crowd, <a href=\"http:\/\/blog.synergita.com\/2014\/09\/employee-appreciation-the-wonder-medicine-for-good-employee-performance\/\" target=\"_blank\" rel=\"noopener noreferrer\">appreciated<\/a> before all, congratulated by peers and recognized by people around, makes him\/her feel extremely pleased and immensely motivated to work harder and even harder to reach greater heights.<\/p>\n<p><a href=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/PAA9.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-2952\" src=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/PAA9.png\" alt=\"PAA9\" width=\"535\" height=\"295\" srcset=\"https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/PAA9.png 1271w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/PAA9-300x165.png 300w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/PAA9-1024x563.png 1024w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/PAA9-768x422.png 768w\" sizes=\"(max-width: 535px) 100vw, 535px\" \/><\/a><\/p>\n<h4><strong>Rewards and Recognition<\/strong><\/h4>\n<h4><\/h4>\n<p><a href=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/recognition2.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-2990\" src=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/recognition2.jpeg\" alt=\"recognition2\" width=\"361\" height=\"170\" srcset=\"https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/recognition2.jpeg 327w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/recognition2-300x141.jpeg 300w\" sizes=\"(max-width: 361px) 100vw, 361px\" \/><\/a><\/p>\n<p>Rewards and motivation drive employees towards organization&#8217;s goals. In fact, rewards are as important as or even more important than motivation. Don\u2019t just stop with congratulating and praising an employee. Climb up the ladder and reward employee achievements and accomplishments. There are numerous ways to make employees feel recognized and <a href=\"http:\/\/blog.synergita.com\/2014\/05\/importance-of-employee-appreciation\/\" target=\"_blank\" rel=\"noopener noreferrer\">appreciated<\/a>.<\/p>\n<p><a href=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/motivation_2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-2992\" src=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/motivation_2.jpg\" alt=\"motivation_2\" width=\"516\" height=\"859\" srcset=\"https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/motivation_2.jpg 602w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/motivation_2-180x300.jpg 180w\" sizes=\"(max-width: 516px) 100vw, 516px\" \/><\/a><\/p>\n<h4><strong>Some Action items on how you can institute reward mechanism in your organization<\/strong><\/h4>\n<p>There are n numbers of accomplishments that happen in a software industry and (n+1) ways to reward them. For example, when the product\/service has been successfully rolled out, it is indeed a remarkable achievement and can be brought to everyone\u2019s notice by posing a group picture on the company\u2019s intranet. Likewise, following are some of the ways on how you can reward employees<\/p>\n<h5>\u00a0<strong>Spot Awards<\/strong><\/h5>\n<p>Exceptionally performing employees whose contributions have significant impact on the organization or within the project and are worth crowning, can be delighted with spot bonus awards.<\/p>\n<h5>\u00a0<strong>Employee of the month<\/strong><\/h5>\n<p>Employee who has made significant improvements and has performed well in a month can be picked from each department\/project and can be awarded \u201cthe EMPLOYEE of the MONTH\u201d<\/p>\n<p><a href=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/PAA6.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-2949\" src=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/PAA6.png\" alt=\"PAA6\" width=\"554\" height=\"305\" srcset=\"https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/PAA6.png 1273w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/PAA6-300x165.png 300w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/PAA6-1024x564.png 1024w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/PAA6-768x423.png 768w\" sizes=\"(max-width: 554px) 100vw, 554px\" \/><\/a><\/p>\n<h5><\/h5>\n<h5><strong>Anniversary\/Birthday Celebrations \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/h5>\n<p>Whenever an employee completes successive years in the organization, he\/she can be announced on the company\u2019s intranet congratulating \u201cSuccessful Work Anniversary\u201d. Likewise, birthdays can also be brought to everybody\u2019s notice.<\/p>\n<p><a href=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/happy-anniversary4.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-2993\" src=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/happy-anniversary4.png\" alt=\"happy anniversary4\" width=\"396\" height=\"399\" srcset=\"https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/happy-anniversary4.png 496w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/happy-anniversary4-298x300.png 298w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/happy-anniversary4-150x150.png 150w\" sizes=\"(max-width: 396px) 100vw, 396px\" \/><\/a><\/p>\n<h5><strong>Milestone Awards<\/strong><\/h5>\n<p>When an employee is associated with the organization for 5,10 or more years it is a great milestone and a long journey.\u00a0 He\/she can be presented with a trophy along with some vacation package or monetary benefits, etc.<\/p>\n<p><a href=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/vacation-plans.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-2994\" src=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2015\/12\/vacation-plans.jpg\" alt=\"vacation plans\" width=\"513\" height=\"290\" srcset=\"https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/vacation-plans.jpg 620w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2015\/12\/vacation-plans-300x169.jpg 300w\" sizes=\"(max-width: 513px) 100vw, 513px\" \/><\/a><\/p>\n<p>These are some of the ways that I thought would keep employees engaged and motivated at work at the same time encourage them to work willingly towards organization\u2019s goals. Likewise, organizations can figure out the best ways to get the best out of employees.<\/p>\n<p>Source:<\/p>\n<p><a href=\"http:\/\/www.computerworld.com\/article\/2483690\/it-careers\/india-to-overtake-u-s--n-number-of-developers-by-2017.html\">http:\/\/www.computerworld.com\/article\/2483690\/it-careers\/india-to-overtake-u-s&#8211;n-number-of-developers-by-2017.html<\/a><\/p>\n<p><a title=\"Test Drive\" href=\"https:\/\/www.synergita.com\/synergita-test-drive.html?utm_source=Blog&amp;utm_medium=Post&amp;utm_campaign=Raji\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2675\" src=\"https:\/\/blog.synergita.com\/wp-content\/uploads\/2013\/09\/synergita_test-drive.png\" alt=\"live demo\" width=\"650\" height=\"96\" srcset=\"https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2013\/09\/synergita_test-drive.png 650w, https:\/\/newtest.synergita.com\/blog\/wp-content\/uploads\/2013\/09\/synergita_test-drive-300x44.png 300w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you know that there are 18.9 million software professionals world wide ? It is almost 0.25% of the total&#8230;<\/p>\n","protected":false},"author":9,"featured_media":3009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,183,79],"tags":[72,73,182,184,185],"ppma_author":[174],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How can rewards and motivation help people in software industry? - How can rewards and motivation help people in software industry?<\/title>\n<meta name=\"description\" content=\"rewards and motivation are the key factors that drive employees in any organization. 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