Trends in Employee Recognition 2015

Something Different

<www.csc.com> Rose Stanley, CCP and Practice Leader for World at Work provides highlights from a recent survey highlighting trends in employee recognition programs. Benefits Compensation compensation hr human resources recognition total rewards

Trends in Employee Recognition: Culture-Oriented/Results-Driven

RecognizeThis!

— Results-driven recognition programs that focus on deeply embedding recognition into the company culture have the greatest impact on employee engagement, motivation, satisfaction and retention. 2) Top goals for recognition continue to align with types of programs offered.

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Compensation Cafe: Power of Positivity at Work

RecognizeThis!

This week on Compensation Cafe I shared research out of the University of Michigan on how “positive practices benefit the company.” Click over to the Compensation Cafe post for the full picture… and be inspired, too. (A by Derek Irvine. Recognize This!

Revamp Your Employee Recognition Strategy to Drive Results

Achievers

Considering this, businesses should be concerned that only 49 percent of North American employees are happy at work. It’s not simply a matter of sending out thank-you cards; organizations need to ensure that their employee recognition program is planned and executed to deliver certain results.

Revamp Your Employee Recognition Strategy to Drive Results

Achievers

Considering this, businesses should be concerned that only 13 percent of the global workforce are engaged employees. It’s not simply a matter of sending out thank-you cards; organizations need to ensure that their employee recognition program is planned and executed to deliver certain results.

Compensation Cafe: Influencer Networks

RecognizeThis!

In positive initiatives like social recognition, these internal networks are critical to rapid program adoption and achievement of culture change goals. Click over to my post on Compensation Cafe to read more about these powerful networks, including how to find them, prepare them, and use them to best advantage to achieve the change you need. Culture Management Culture of Appreciation Social Recognition change change agents change management compensation cafe employee recognition

Nonmonetary Forms of Employee Recognition

HR Daily Advisor

While we may assume that all employees would appreciate more money, it’s not the only way to provide recognition and thanks for a job well done. In fact, many employees would prefer to have their efforts recognized in other ways.

4 strategies for employee recognition that work for the millennial generation

Ceridian

By Deb LaMere, Vice President of Employee Engagement at Ceridian. How are your employees unique in today’s workforce? Uncategorized compensation employee engagement employee recognition millennial A big part of the job is knowing how to adjust your strategies for human capital management to accommodate the specific needs of the people working for you. What makes them tick? What makes them stay engaged, […].

Compensation Cafe: A Paycheck Is Not Recognition for a Job Well Done

RecognizeThis!

— Psychologically healthy employees require appropriate compensation and praise for their efforts. It’s the classic discussion of the difference between compensation and recognition, which was the top of my most recent post on Compensation Cafe.

Compensation Cafe: How to Get People to Work Harder

RecognizeThis!

This week on Compensation Cafe , I asked the very fundamental question – “How do you get people to work?” ” Of course, the basic answer is through a contract for a specified amount of compensation in return for a specified amount of work. Recognize This!

5 tips for making retention a key priority in 2015

Ceridian

Before the calendar turned, I had blogged about why 2015 will be the year of the Employee. HR professionals will be looking for high levels of employee retention and productivity in 2015 and in some way, shape or form, this has always been their job. Recruitment & Talent Management compensation employee productivity employee recognition employee retention jayson saba Laurie Ruettimann

Compensation Cafe: Maslow’s Hierarchy of Needs Is More Fluid than You Think

RecognizeThis!

– Frequent, timely, and specific recognition and appreciation are integral to achieving personal, team, departmental and organizational goals in 2015. Earlier this week, I shared on Compensation Cafe Maslow’s own opinion, “We have spoken so far as if this hierarchy were a fixed order but actually it is not nearly as rigid as we may have implied.”. Recognize This!

The Business Case for Employee Recognition and Rewards

Compensation Cafe

Why do we compensate employees? But compensation professionals (and readers of this blog) know the pay cheque is but one part of a very complex agreement between employer and employee to maximize a mutually beneficial relationship.

6 Tips for Creating Amazing Employee Recognition Programs

NCHRA

We constantly talk about how to make our employee more productive, effective, efficient, and loyal. How can I better manage my employees? What about our employees? Your employees are the heart and soul of your organization, and are the building blocks to your success.

You Asked: Answering Your Questions about The Power of Thanks (Part 1)

RecognizeThis!

Social recognition is a very powerful means of creating and managing culture, when structured in a considered, thoughtful way. Q1: A company maintains its most valued assets not by compensation, but by appreciation? There’s no question that fair compensation matters.

3 Ways to Help Employees Understand Their Worth

Cornerstone On Demand

How often do you talk about pay with your employees? " The lack of communication around compensation leads employees to make their own assumptions about their worth — and how their paychecks stack up to their peers. Always Pair Compensation With Explanation.

What’s the Point? Decoupling Performance Reviews and Compensation

Compensation Cafe

While I enjoy blogging here on the Compensation Café , my primary (selfish) benefit of doing so is the tremendous amount I learn every day from my fellow bloggers and readers who regularly share deeply insightful and thoughtful learnings, lessons and applications in the broad field of compensation.

It’s Clear Employees REALLY Matter When They Get a $100,000 Bonus

TLNT: The Business of HR

When 1,380 employees got a $100,000 bonus each, the story should have made headlines everywhere.

How to Avoid Losing Talent to Startups

Cornerstone On Demand

Startups — with stock options in lieu of high salaries and promises of get-rich IPOs — suddenly became the companies where young employees aspired to work. For one, today's employees want to feel that their contribution to the company has an impact.

How To 459

After Years of 3% Increases, Where Have All the Good Raises Gone?

TLNT: The Business of HR

Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation. Employees don’t get a lot from 3% raises. COLA for 2015 in the U.S.

AON 98

Asked and Answered * Decoupling Performance Reviews and Compensation

Compensation Cafe

In my last post , I tackled the topic of decoupling the traditional formal performance review from compensation, asking why we hold onto old systems we are fairly confident do not work. We need to serve our employees and our managers better.

3 powerful ways to improve your employee retention rate

Achievers

There are a lot of reasons this can happen: a bad boss, a toxic team, stagnant career growth, or lack of recognition. Losing your employees to resignation is an expensive problem. A competitive salary is the bare minimum that you need to provide to keep employees satisfied.

Recruiting: Not Just an External Activity

BambooHR

And the victor will get your employees. General HR HR Recruiting career advancement compensation employee goals employee recognition hiring internal hiring recruiting social hiring work-life balanceA recruiting war is waging. Sounds dramatic, right? You might be surprised to find that it’s really not that far-fetched. After all, 71 percent of the U.S. labor force is in the job market.

Top 10 Talent Management Blog Posts of September 2015

HRsoft

Here’s a short list of our favorite Talent Management blog posts from the month of September: 6 Ways to Tackle Employee Turnover via SteamFeed. The Number One Way to Keep Employees Engaged via Forbes. 5 Ways to Make Any Job A Dream Job for your Employees via Inc.

How to retain your best employees when you can’t afford to give them a raise

Achievers

When employees have done great work, they expect some form of acknowledgment. In a competitive marketplace where your top talent always has their eye on the next stepping stone in their career, your organization must win employee loyalty through tangible appreciation.

5 Human Truths in the Modern Workplace and How to Address Them

RecognizeThis!

I had the pleasure and honor of speaking again this year at SHRM’s 2015 annual conference. Looking at Maslow’s Hierarchy of Needs , compensation only satisfies the most basic of needs. by Derek Irvine. Recognize This! – We are all human.

Here’s How to Keep Your Best Employees — Without Increasing Pay

TLNT: The Business of HR

Recently, a question asked to Sarah Kauss, CEO and founder of S’well , asked “ How do you keep your best employees ?” I encourage you to read her full comments , but three options to keep your best employees other than the obvious answer of increased compensation are below. We want to be sure employees’ first thought is to new or different opportunities within your company and not a knee-jerk, “grass is always greener” jump to another company.

Bersin Says “Thanks” Critical for Employee Engagement

RecognizeThis!

— There are many drivers of employee engagement, but feedback, recognition and “thanks” lead the charge. In my last two posts on Compensation Cafe, I shared important research from IBM Smarter Workforce (more on that later this week) and from Bersin by Deloitte.

10 Things I Learned at Total Rewards

WorkHuman

It enables more humanity in the call center by empowering employees and creating happier customers. Recognition is an opportunity to drive bottom line business results. More individual, customized employee rewards are the future.

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Recognition and Fair Pay Are Baseline Principles For Better Engagement

TLNT: The Business of HR

In the last week, a couple of research reviews have crossed my desk, both summarizing decades of research, surveys and analysis in the complex and many-layered topics of employee recognition, engagement and retention. Workers who receive recognition are less likely to quit.

What’s More Important to Give Employees: A Gift Card or a Pat on the Back?

TalentCulture

While many companies use financial compensation to reward employees, there are times when these rewards lose their effectiveness. While companies are comfortable with giving financial rewards to employees, they often get stuck when it comes to giving meaningful, genuine recognition. Yet recognition is often the more powerful reward, since it speaks to the employee in the language of meaning and personal context, rather than generic gift cards.

Driving Employee Engagement Requires Baseline of Competitive, Fair Pay

Compensation Cafe

In the last week, a couple of research reviews have crossed my desk, both summarizing decades of research, surveys and analysis in the complex and many-layered topics of employee recognition, engagement and retention. Workers who receive recognition are less likely to quit.

A Paycheck Is Not Recognition for a Job Well Done

Compensation Cafe

That’s recognition enough.”. Pay and recognition serve very different needs, but they are in a symbiotic relationship when it comes to fulfilling those employee needs. And pay raises, consistently and appropriately given, won’t meet the higher-order employee needs, either.

5 Human Truths to Help Make Your Workplace More Human

TLNT: The Business of HR

I had the pleasure and honor of speaking again this year at SHRM’s 2015 annual conference. Looking at Maslow’s Hierarchy of Needs , compensation only satisfies the most basic of needs. And yet, a recent Harvard Business Review report showed recognition is the No.

Solving Pay Differentials between Executives and Staff; Men and Women

Compensation Cafe

UK-based HR Strategist Jon Ingham is an example (from his Strategic HCM blog) : “The issue is the wide variety in expectations of male and female employees. There are many factors that contribute to employee disengagement, and a perceived lack of fairness surely rises to the top of that list.