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. 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.

Trends in Employee Recognition Show Growing Importance in Results-Driven, Culture-Oriented Approach

Compensation Cafe

WorldatWork’s latest “Trends in Employee Recognition Report” is out. Published every two years, I like this report as it offers consistent comparison for trends analysis as well as interesting new insight into data each time. Key highlights from this year’s report: 1) Prevalence of recognition programs in organizations continues to grow. 89% of organizations offer some sort of recognition program with an average of 4.6 Recognition

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Workhuman Named the #1 Recognition Provider by HRO Today Magazine’s Baker’s Dozen 2021

WorkHuman

A result of customer feedback and analysis, company also places first in the Breadth of Service category. and DUBLIN – October 4, 2021 – Workhuman ® , pioneers of the human workplace, today announced its first-place ranking on HRO Today’s 2021 Baker’s Dozen Customer Satisfaction Ratings for Recognition. Workhuman, formerly Globoforce, has made the Baker’s Dozen list of top recognition providers for the past 11 years, most of the time appearing as a top five overall provider.

6 Hot Digital Workplace Trends from Gartner

WorkHuman

Mike Gotta and Carol Rozwell define it as “a research approach for understanding cultural dynamics between employees, group relationships, and the ways in which work is done. It is pursued to improve employee engagement, teamwork, work models, and technology use. Tactics used include open-ended interviews, employee ‘shadowing,’ observation of physical activities, analysis of work artifacts and data logs, and compilation of field notes and journals.

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The Hidden Potential of Teams

WorkHuman

In his column for The Huffington Post , Globoforce CEO Eric Mosley writes that one of the five megatrends impacting business in 2017 is team engagement. He explains, “Team engagement is a critical component of the employee experience, higher in importance than both individual and company engagement. Today’s companies are a series of teams – where the work happens on a daily basis and where the strongest employee connections are built.”. Firing Employees to Improve Culture.

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. Key findings of the report include (quoting): Employees who receive recognition are more likely to be engaged at work. Workers who receive recognition are less likely to quit. Compensation Philosophy Recognition

Chasing Best Practices

Compensation Cafe

Research from the firm PayScale may help to answer at least some of those questions, with their annual analysis of compensation trends and activity. I am reminded, however, of a meta-analysis examining HRM practices that may provide some insight. The shared foundation of many - like the results around increases, bonuses, and salaries mentioned above - tend to be rooted in employees’ perceptions of their value in the workplace.

Inspiring Generosity through Reciprocity at Work

Compensation Cafe

Drawing on Grant’s Give and Take research, additional analysis showed that, unsurprisingly, givers helped others make the most connections. Crowdsourcing a portion of compensation through social recognition is an excellent example of how this works. Compensation Philosophy RecognitionAdam Grant , Wharton University professor and repeat WorkHuman speaker, is one researcher I follow closely.

Cafe Classic: 3 Tips to Increase Intrinsic Motivation with Recognition and Rewards

Compensation Cafe

Derek Irvine addresses this fallacy and provides us with solid, research-grounded advice on how we can use our recognition and reward tools to influence how employees do their work in a meaningful and positive way. 3) Be sure to convey why recognition and reward is being given. “A

Cafe Classic: Why Employees Actually Leave (Hint: It's Not Money)

Compensation Cafe

Editor's Note: Why do employees leave? How much alignment is there between why managers think employees leave and their actual reasons for doing so? Leigh has been researching employee engagement and retention best practices for the last two decades and shared with the webinar participants his findings from deep analysis of employees included in the Saratoga Institute study (which included 20,700 surveys from employees in 17 industries, and 4,500 verbatim comments).

Pulling the Lever of Social Recognition

Compensation Cafe

Employees are increasingly mobile and talent markets are now more transparent than ever. Successful solutions to this challenge will need to link compensation to both culture and performance, as well as to employees’ sense of meaningful and important work. Creating a culture of recognition based on core values can do just that. Why is recognition likely to be successful? of salary for exempt employees for the past couple of years. Recognition

Career, Community, Cause – Growth, Relationships, Meaning

Compensation Cafe

Facebook people leaders and Wharton professor and author Adam Grant recently collaborated on analysis of surveys of Facebook employees and their thoughts on what really matters to them – at work and in life. This mirrors findings of 23,000 employees from more than 15 industries and 45 countries around the world in research conducted by the IBM Smarter Workforce Institute and the Globoforce WorkHuman Research Institute. Compensation Philosophy Recognition Total Reward

Cafe Classic: Choosing the Right Currency for Compensation & Rewards

Compensation Cafe

If you polled your employees and asked them, “What kind of rewards would you prefer?”, But what employees say they want for rewards, what actually works best to motivate employees, and what employees enjoy as rewards are entirely different things. Recognition and rewards requires an entirely different currency. Compensation and Recognition Rewards Are Different. Base Salaries Incentives/Bonuses Pay for Performance Recognition Total Rewards

#Employee Feedback Is The Killer App #HR

TalentHQ

A new market has emerged: Employee feedback apps for the corporate marketplace. As the economy grows and the job market gets hotter, employee engagement and retention have become a top priority. As attention shifts toward the health and happiness of staff, employee engagement remains surprisingly low. Gallup tells us that only about 1/3 of employees are actively engaged, Glassdoor data shows an average engagement of a C+ (3.1 Social Recognition Tools.

HR TechStack – Employee Engagement Software

WhoKnows

Employee Engagement Software Definition. Employee engagement software helps organizations solicit and track feedback from their employees, recognize employee achievements, and promote positive activity. Employee engagement tools are used to draw actionable insights from employee feedback. To qualify for inclusion in the Employee Engagement category, a product must: Enable users to conduct employee pulse surveys to gauge employee satisfaction.