Rewards & Recognition

TEOCO Rewards and Recognition

 

TEOCO has several ways to formally recognize employees based on exceptional performance and years of service. Examples include Recognition Levels, Spot Awards, ACE, MVP, TEO-Star, and "Splash" Vacations.

• ACE Award -- In recognition of Attitude, Commitment and Excellence, TEOCO has created the ACE award. Announced at TEOCO's annual party each January, the recipient is awarded cash, stock options, and a premium parking space for one year.

• MVP Award -- In recognition of the employee-owner most willing to take on various tasks and do "whatever it takes" to do the job, TEOCO has created the MVP award.  Some of the key dimensions of this award include:
  • Creating new products/services or taking existing products/services to a new level
  • Playing a critical role in attracting and retaining top talent
  • Playing an instrumental role in the success of a line-of-business or the company

             Announced at TEOCO's annual party each January, the recipient is awarded cash, stock options, and a premium
             parking space for one year.

• VIP Award -- The VIP award is given to individuals who have significantly contributed to TEOCO over a length of time. The Chairman of the Board determines the recipient of this award, as deemed appropriate. The award is $10,000.

• TEO Star -- TEOSTARS is designed to increase the awareness and practice of TEOCO Core Values by encouraging peer recognition of behaviors consistent with TEOCO's Core Values.

• E3 Award -- E3 stands for Empowerment, Employee-ownership and Excellence. This award is company wide and given as appropriate by a Team Leader or peer for exhibiting extra effort on a project, leadership/ownership, and/or innovative problem solving.