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1% of Payroll: The Magic Number For Social Recognition Investment

WorkHuman

An annual, “thanks for all you do,” is an underwhelming recognition experience, and can actually do more harm than good. Finding 3 in the 2016 SHRM/Globoforce Employee Recognition Survey shows that the sweet spot for values-based rewards and recognition investment is 1% or more of payroll.

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The Business Case for Employee Recognition and Rewards

Compensation Cafe

Latest in these reports is Mercer’s 2015/2016 US Compensation Planning Survey, which is well summarized in this SHRM report. Career-change opportunities within the company to keep employees on board while diversifying capabilities. Not all employees are suited for internal career changes, even when those opportunities exist.

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The Recognition Science Denier

WorkHuman

But by the end of the meeting, our conversation had shifted from recognition as a cost to recognition as an investment – in culture, and employee experience , retention , and engagement. “We Do you work with a Recognition Science Denier? Do “eThanks,” or recognition without monetary value, work just as well?

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Creating a Culture of Well-being: The Key to Organizational Wellness

Terryberry

A Boost in Your Company's Bottom Line Research conducted in 2016 looked at the performance of companies that have strong workplace wellness practices. Offer Incentives and Recognition Incentives and recognition associated with your organizational wellness program can encourage otherwise reluctant employees to participate.

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A-Player Appreciation: How Achievers Clients Celebrated Awesomeness during Employee Appreciation Week (EAW)

Achievers

Their campaign integrated multiple elements to drive adoption and participation by showing top-down support of their program through a bulk recognition from the CEO and behavior-based incentives where members were rewarded with points for positive recognition activity. Inspiring robust recognition activity through competition?

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Who Owns Retention? The REAL Employee Turnover Problem

Achievers

Here a few ways to attack the turnover crisis: Create recognition and/or incentive programs for employees who reach certain milestones (after one year, not five!). Cara is a highly-sought-after national speaker and trainer, having conducted more than 100 engagements in 2016 alone. Become a Champion for Retention.

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Update: Employee Compensation at Wells Fargo

Compensation Cafe

Compensation Cafe has covered Wells Fargo's pay practices since 2009, when the Bank canceled prefunded employee recognition and rewards events in the midst of the Recession, blaming it on federal government restrictions on bank practices following the subprime mortgage crisis. by Margaret O'Hanlon, September 12, 2016.