Currently vice president of human resources at WhaleShark Media, Jeff J. Quade earned a bachelor’s degree in industrial psychology from the University of Wisconsin and a master’s degree in industrial and organizational psychology from Western Kentucky University. With more than 20 years of work experience, Jeff Quade has gained expertise in crafting and implementing relevant and effective human resource functions. One function Jeffrey J. Quade finds key to the human resources process is a well-thought-out compensation and reward system.
Although two major components of a compensation and reward system, compensation and benefits, are important, they are not the only factors to consider when creating the system. Rewarding behavior and achievements with recognition and appreciation can be extremely beneficial for both the employee and the business as a whole. Recognition and appreciation can be as simple as stopping by the employee’s desk and sharing a quick word of thanks or encouragement, or it can be as involved as giving an award to the employee in front of his or her peers. With all four elements in mind—compensation, benefits, recognition, and appreciation—executives can build a solid and rewarding system for their businesses.