Introducing 

Prezi AI.

Your new presentation assistant.

Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.

Loading…
Transcript

Incentive Spot Awards

Jessica Saunders

MGMT 433

What we will cover

-What are incentive spot awards?

-benefits of incentive spot awards

-possible downfalls of using incentive spot awards

What are spot awards?

A Spot Award is an award designed to grant

“immediate” recognition to individuals or

groups of employees for their day-to-day

extra efforts and contributions.

Types of Spot Awards:

Performance Awards - Cash awards that are based solely on employees’ performance

ratings of record assigned at the end of the appraisal period. These awards are intended to

recognize sustained levels of successful performance over the course of the rating period.

Special Act or Service Awards - Lump-sum cash awards that recognize specific

accomplishments that are in the public interest and have exceeded normal job require- ments.

These awards can be for individual or group contributions. On-the-spot (OTS) awards are

special act or service awards which normally provide immediate recognition for employees, are

limited in amount (e.g., $250 or less), and delegate award approval to first-line supervisors.

Quality Step Increases (QSI) - Awards for sustained high-quality performance that

provide faster-than-normal progression through the step rates of the General Schedule. Unlike

other forms of monetary recognition, QSI’s permanently increase an employee’s rate of basic

pay. No more than one QSI may be granted to an employee in the same 52-week period.

Time-off Awards (TOA) - The granting of time off without charge to leave or loss of pay to

an employee as an individual or member of a group. The value of a TOA is time, not money.

A TOA may not be converted to cash.

Other - Types of cash recognition, such as suggestion and invention awards, not included in

the categories above.

Learn more about creating dynamic, engaging presentations with Prezi