In this category, we recognise a team who have been responsible and actively involved in the development and implementation of a new Reward Project that:
• May be of a short-term or long-term nature;
• Has a procedural, operational or strategic impact on the organisation;
• Has an impact horizon range from 2 months to more than 12 months; and
• Has been implemented with sufficient time to report and demonstrate the actual business benefit.
The team would have been responsible for a Reward Project which demonstrates innovative and relevant reward practices that support the unique business environment and business strategy and contributes towards the organisation’s objectives and success (financial or humanitarian). The award is open to all organisation sizes – from multi-nationals to SMMEs – and this is taken into account through the judging process.
The global pandemic has had an astonishing impact on businesses and individuals since March 2020, challenging employees’ ways of working and their Total Reward solutions. Although these challenging times may result in the re-evaluation of previously planned Reward initiatives, it also provides an opportunity for innovation in a field that very seldom lends itself to significant change.
As a result, we will also recognise novel and creative Total Reward interventions that have gone above and beyond in limiting the negative impact to businesses and employees. This nomination is meant for a team and must demonstrate the impact the intervention has had on the business.
The winners will not only receive the acclaim and recognition from their peers, but will also receive a cash prize of R30 000 for the 1st prize, R20 000 for the 2nd prize and R10 000 for the 3rd prize.
IMPORTANT INFORMATION TO NOTE
The closing date/time for submitting nominations is 16 August 2022, by 12-noon.
Short-listed nominees will be required to present their Reward Project via a virtual meeting/presentation to an objective and neutral panel of judges on 14 September 2022. Presentation guidelines will be provided to short listed nominees in order for them to be well prepared and to present with confidence.
The winners will be announced at the 2022 SARA Virtual Reward Awards on 5 November 2022.
All motivations for nominations must be submitted on the official SARA nomination form.
This competition is only open to teams based in South Africa.
Non-SARA members may participate. An entry fee of R400-00 will be charged for entries for organisations or individuals that are not members of SARA.
Nominations will be evaluated against strict criteria and high industry standards.
It is essential that the project has been fully implemented, and that there has been sufficient time since project completion for the actual business benefit(s) to be properly measured and reported.
Consultants are not eligible to be nominated however they are eligible to nominate.
HR and Reward Professionals qualify to be nominated.
The final winners will be selected by an independent panel of judges, subsequent to a screening and validation process.
The ruling of the independent panel of judges for each category will be final and no correspondence will be entered into.
The motivation(s) for the nomination must be based on a new practice or program within the organisation which has not been forwarded in previous nominations for the organisation’s team or individual.