Offering Official Rewards
Learn about the importance of official rewards, such as title changes, increments, and bonuses, as well as how to approach these rewards.
We'll cover the following...
Within this section “official” rewards, as a classification, are those that require involvement from the HR department and/or company leadership to carry them out. These are often going to be more “formalized” and long-lasting rewards, and more subject to formal company policy and procedure to deliver—for that reason, as a manager, you should be researching what it will take to do any of these things for your team members as soon as you take your role, so that you can be aware of the timeframe and procedures involved.
Title
Although it may seem trite—and certainly the Silicon Valley has seen its share of “custom” titles that developers love to select for themselves—the title assigned to a role can make a non-trivial difference to members of your team, particularly when (not if) they leave the company and move to a new role.
Chief Bench Warmer: At one consultancy at which I worked, it was considered a ...