Green Reward Management.
Green reward management is another key function of green HRM. The sustainability of organisation‟s environmental performance is highly dependent on the green reward management practices of the organisations. To motivate managers and non-managerial employees on corporate environmental management initiatives, green reward management has significant contributions. Organizations can practice it in two ways such as financial and non-financial. In some companies employees are financially (e.g. incentives, bonuses, cash) rewarded for their good environmental performance. In some other companies, employees are non-financially rewarded (awards/special recognition /honors/prizes) for their good environmental performance.
1. Rewarding employee environmental performance (good/excellent and extraordinary).
2. Financially rewarding for employee good environmental performance
3. Non-financially rewarding for employee good environmental performance
4. Team excellence awards for better environmental performance
5. Introducing rewards for innovative environmental initiative/performance.
6. Communicating employee environmental excellence.
7. Providing incentives to encourage environmentally friendly activities and behaviors (e.g. recycling and waste management).
8. Rewarding for green skills acquisition.
Reference
Woods, (1993), In Milliman, J., and Clair, J. (1996), “Best Environmental HRM Practices in the USA”, In Wehrmeyer, W., (eds), (1996), Greening People - Human Resources and Environmental Management, First Edition, Sheffield, England: Greenleaf Publishing
Is it possible to have financial management by using this method?
ReplyDeleteOrganisations can practice in two ways such as financial and non-financial in some companies employees are financially intensive bonus cash rewards from their good environmental performance
DeleteCan we do all the HR functions based on green concept?
ReplyDeleteWe can't do all business transactions based on green concept but lots of companies tend to acquire theses concepts to their organisation because know the benefits of going green.
Deletevery useful and good Work
ReplyDeleteA very good concept to do in practically...
ReplyDeleteYes, that's why large amount of companies tend to accept this concept
DeleteGreen reward management focuses to acknowledge the benefaction of employees in the formation of an organization that is sustainable through extensive publicity and admiration of sustainability attempts.
ReplyDeleteThank you for your contribution
DeleteImplementation of a system of financial and non financial rewards for employees with a distinct potential to contribute to environmental management. In here clearly discuss about some practices of Green Rewards Management.
ReplyDeleteThank you for your valuable idea.
Delete