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According to Cummings and Worley (2009), there is no way to know how many different kinds of interventions exist. Teambuilding. Teambuilding is one of the best-known organizational development interventions. Creating incentive programs. Types of OD interventions. Human resource management interventions.
Preparing an employee for career advancement can easily backfire if they are not given incentives to stay, meaning your business will not only lose a member of the team but will be hit by the cost of replacing them. This demonstrated the trust the company placed in its employees; a key component in employee development. And it works.
Set up two-way communication channels, including Q&A forums, feedback sessions, and pulse surveys , to help employees feel heard and build engagement and resilience. Continue retention initiatives to prevent high-performers from leaving prematurely through stay bonuses, development opportunities, or inclusion in early decision-making.
On the other hand, rewards refer to tangible incentives given to employees for meeting goals, exceeding expectations, or demonstrating desired behaviors. These rewards can be monetary, which may be bonuses, gift cards, or non-monetary like extra time off, or professional development opportunities.
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