12 Powerful Tips to Build an Employee Recognition Culture

EmployeeConnect

About 65 percent of the people in one survey reported that they received no recognition over the last 12 months for their work.In the same report, 89 percent of employers feel that most employees leave their companies to earn more money. Spending money on routine company gift cards isn’t the same as offering personalised and specific praise based on an employee’s performance. If you can reward a person based on his or her interests, then the recognition has more meaning.

Why Today’s Incentive Thinking Is Different

Achievers

Too often in human history, this meant that people with less power were simply compelled to work, and incentives — if they existed — consisted merely of being allowed to survive. The Central Challenge of Giving Incentives. Stats That Prove the Value of Incentives.

Worker Woes? 9 Tips for Retaining Employees in a Tough Market

WorkStride

millennial or Gen Y employee switches jobs four times in the first decade after college graduation. What that means is that companies must now work harder to entice workers through pay raises, training and other incentives. One way to keep such employer-employee feedback smooth and easy is to optimize a digital channel incentives program that automatically rewards workers for achieving desirable benchmarks.

Chasing Best Practices

Compensation Cafe

One of the common questions I hear from clients centers on how well their people practices and budgets compare to industry benchmarks and groups of top-performers.

Build Amazing Cultures Anyone Would Want To Be A Part Of On A Budget

SAP Innovation

There, employees are given fancy gifts, allowed to spend time in lavish resting rooms, and receive huge bonuses every time a special occasion arises. But it doesn’t take a huge budget to build employee appreciation ideas. Whether you’re running a law firm where you need to celebrate trial wins or you’re running a winter coat shop where employees try to meet sales objectives, it’s critical to institute little ways for people to be recognized.

Annual Performance Reviews Aren’t Dead, but They Do Need New Life

Capterra

Close to two-thirds of employees and managers agree that the typical annual performance review process is outdated and ineffective—contributing to a poor employee experience. In many systems, managers can simply pick their rating for each employee from a drop-down list.