INDUSTRY INSIGHTS YOUR PEERS ARE READING
Many organizations rely on pay for performance programs to help drive employee behavior. In the best cases, these schemes are designed to differentiate among performance levels, rewarding effort and results with annual merit pay increases and other annual incentives. MORE
Even after a difficult year, giving employees the appreciation and recognition they deserve is an important bonus. I was captivated by the story of non-unionized employees willing to risk their livelihood to keep their CEO. I didn’t expect [a Christmas bonus] at all. MORE
Actually, when it comes to reward and recognition programs, quite a few things may be. So says a new study by the Incentive Research Foundation, Award Program Value & Evidence. The thoroughly documented report discusses two broad topics that should be of lasting interest to any HR professionals involved in employee recognition programs: . And what do employees do with their salaries? The reason employees often pour their reward into the household pot? MORE
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. That’s why praise from a supervisor ranks as the best recognition. MORE
When it comes to the incentives that motivate us to work harder, we tend to respond differently based on our personalities. Sure, most of us greatly appreciate a generous bonus, commission or restaurant gift card in response to our achievements. Those same principles should apply as you’re designing the channel incentive promotions that are likely to motivate the people working for your partners, distributors, dealers, and others in the channel. MORE
Budgets must be appropriately established to reach all employees in a differentiated and calibrated way. How should I structure an employee recognition program that will have the kind of impact I’m seeking?”. Is your recognition program appropriately funded? MORE
How does this impact the way we think about total rewards in an annual (or even quarterly) bonus structure? Timely rewards indicate to people both of these factors – that the work they are doing is meaningful, valuable, and worthy of recognition. Incentives/Bonuses Total Rewards MORE
Case Study #1: A Story of Manipulation Employee A (Let's call him Carl) had worked for Company X (let's call it Pied Piper ) for a calendar year. Achieving sales results did not come as easily in an Enterprise role at a large company and Carl struggled in this first year. his company had announced the end of the annual performance review process to be replaced with a high touch performance management system (even large corporations cannot refute common sense). MORE
Hourly workers are among the most unhappy employees in the workforce. When most companies hire hourly workers , they often focus solely on the dollar amount they must pay to attract qualified candidates, rather than the perks and benefits that can set them apart from other potential employers. MORE
Promoting a consistent culture of recognition is an essential component to employee engagement, but who says you can’t step up your appreciation game every once in a while? In the world of employee recognition, Employee Appreciation Day is the be-all and end-all of celebrations. MORE
What’s the biggest problem when it comes to employee turnover? At many companies, when turnover rises executives point to HR to fix it – whose plate is already overflowing with terminations, payroll, benefits management, and back-fill recruiting. building employee networks/committees. MORE
20+ Employee Recognition Program Benefits and Ideas. Employee recognition programs are employer initiatives to reward its employees for achievement, new behaviors, anniversaries and milestones. Let’s take a look at some employee recognition program ideas. MORE
With the end of the year approaching, it is no surprise that employees in the Health and Human Services industry have a lot on their plate. Additional monetary bonuses and benefits may not be on the table to keep motivation at an all-time-high, so what exactly can your organization do to keep the company culture intact and employees engaged? Fortunately, monetary incentives are not the only way to keep your employees motivated. Challenge your employees. MORE
He is a leader in the WorkHuman movement and the co-author of "The Power of Thanks" and his articles on fostering and managing a culture of appreciation through strategic recognition have been published in Businessweek, Workspan and HR Management. MORE
Last week, United Airlines announced their plans to replace quarterly bonuses with a lottery rewards program. As you might imagine, their employees didn’t react favorably. In fact, the backlash was so severe, the company was forced to pause their plans almost immediately. Employee Engagement Employee Recognition Strategies Appreciation MORE
When deciding which incentives to offer your employees, you may be shocked what can work. It’s not always about spending a ton of money on your employees because money does not always equate to happiness. Today we are sharing some excellent workplace incentives that your employees want. You need to consider each employee incentive that you put forward heavily. Simple Recognition and Thanks. Bonuses + Raises. Company Culture MORE
It’s about time someone demystified and explained the differences between recognition and reward. Recognition and reward are two completely different things and are used for different purposes. Okay, so take the Incentive Marketing Association (IMA). When do you give recognition? MORE
You can’t give all employees promotions, bonuses, or raises. Social recognition, however, can be applied to all. In perhaps a worst-case scenario, promotions are little more than title changes in which the employee’s job duties change little if at all with no pay increase. MORE
33 Thoughtful Employee Recognition & Appreciation Ideas for 2017. It pays to have amazing employee recognition ideas. You need to find the right employee recognition program for your company. So… What is employee recognition? MORE
Editor's Note: Incentives and Recognition are key elements of a total reward portfolio, but they work in different ways and are better suited to different purposes. I’m often asked, “What’s the difference between incentives and recognition? Incentives/Bonuses Recognitio MORE
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. MORE
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. MORE
Job satisfaction is at the heart of employee engagement. This makes me question: how can we leverage neuroscience findings to help optimize employee engagement initiatives? Let’s take employee feedback and annual reviews for instance. Address the Drive to Acquire: Incentives. MORE
Do you give your employees big annual bonuses as a reward for their work? If so, you have plenty of company: It’s common to rely on annual bonus plans to build employee motivation and pad salaries. Do you give them, or do employees earn them? MORE
For some companies, the benefits of recognition are obvious. In other businesses or industries, recognition programs and practices are at risk of being eliminated. Misconception #1: Recognition is expensive. Misconception #2: Recognition is time-consuming. MORE
“People work for money but go the extra mile for recognition praise and rewards.” This week’s curated articles will get you thinking more about employee recognition and its link back to productivity, retention and more. 1) Trends in Employee Recognition from HR Trend Institute Employee recognition programs, once considered a “nice” but non-essential component of human resources, have changed dramatically over the past five years. MORE
When executed effectively, bonus administration can incentivize improved performance. It also provides the recognition most employees seek, which can support employee engagement and help you retain your top talent. However, mastering bonus pay isn’t always easy. MORE
That, in addition to the tax break for corporate money repatriated overseas, means many companies are looking for ways to pass the benefits of the cut on to employees. To date, more than 260 companies have announced one-time bonuses for employees out of the expected return. MORE
What motivates employees best? Or perhaps how employees feel about their work? First, published last week, research summarized in “What Motivates Employees More: Rewards or Punishments?” The better employees feel about their work, the more motivated they remain over time.”. MORE
The impact of these changes can be felt throughout the organization, from senior leadership teams responsible for successfully planning around those challenges to the front-line employees who adapt their roles and deliver on those plans. How does your company help motivate manager performance? MORE
I’ve been consulting with organizations on how best to structure – and fund – social recognition programs to create a culture of appreciation and gratitude in an organization for a couple of decades now. Recognition needs a different currency. Ah, humans. MORE
Job satisfaction is at the heart of employee engagement. This makes me question: how can we leverage neuroscience findings to help optimize employee engagement initiatives? Let’s take employee feedback and annual reviews for instance. Address the Drive to Acquire: Incentives. MORE
As a leader in your company, you already realize the importance of acknowledging your employees for their efforts and contributions. Not only does recognition from management foster morale and job satisfaction, it also reduces absenteeism while increasing retention. MORE
While money is usually considered as the usual motivating quotient, that is not always the case and there are a hundred other ways for you to keep your employees satisfied where their efforts for the betterment of your company are being rewarded. . Employee recognition idea #1: . MORE
Incentive Magazine revealed employee benefits are more valuable than ever – according to MetLife’s 10th annual study of employee benefits trends, there is a strong relationship between satisfaction with benefits and overall job satisfaction. Rewards and recognition. MORE
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. That’s the essence of employee engagement. MORE
Employee recognition is openly-expressed acknowledgment and appreciation for an employee’s contributions to their organization. Years of service awards; annual, quarterly, and performance bonuses; and verbal and written praise all fall under the umbrella of employee recognition. Modern employee recognition is powerful: it makes work visible, supports company values, and boosts morale. Understanding the value of employee rewards. MORE
If you’ve ever felt underappreciated at work (and pretty much all of us have), then you know how important recognition is in the workplace. Employees who don’t feel recognized are twice as likely to say they’ll quit within the next year. Encourage peer-to-peer recognition. MORE
RecognizeThis!
DECEMBER 12, 2014
Even after a difficult year, giving employees the appreciation and recognition they deserve is an important bonus. I was captivated by the story of non-unionized employees willing to risk their livelihood to keep their CEO. I didn’t expect [a Christmas bonus] at all.
EmployeeConnect
FEBRUARY 27, 2017
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. That’s why praise from a supervisor ranks as the best recognition.
Semos Cloud
SEPTEMBER 29, 2019
20+ Employee Recognition Program Benefits and Ideas. Employee recognition programs are employer initiatives to reward its employees for achievement, new behaviors, anniversaries and milestones. Let’s take a look at some employee recognition program ideas.
Workstride
NOVEMBER 30, 2016
For some companies, the benefits of recognition are obvious. In other businesses or industries, recognition programs and practices are at risk of being eliminated. Misconception #1: Recognition is expensive. Misconception #2: Recognition is time-consuming.
DATIS
OCTOBER 2, 2017
With the end of the year approaching, it is no surprise that employees in the Health and Human Services industry have a lot on their plate. Additional monetary bonuses and benefits may not be on the table to keep motivation at an all-time-high, so what exactly can your organization do to keep the company culture intact and employees engaged? Fortunately, monetary incentives are not the only way to keep your employees motivated. Challenge your employees.
Get Hppy
JULY 25, 2016
As a leader in your company, you already realize the importance of acknowledging your employees for their efforts and contributions. Not only does recognition from management foster morale and job satisfaction, it also reduces absenteeism while increasing retention.
|
Bonusly
MAY 17, 2018
Employee recognition is openly-expressed acknowledgment and appreciation for an employee’s contributions to their organization. Years of service awards; annual, quarterly, and performance bonuses; and verbal and written praise all fall under the umbrella of employee recognition. Modern employee recognition is powerful: it makes work visible, supports company values, and boosts morale. Understanding the value of employee rewards.
Achievers
MAY 26, 2015
Do you give your employees big annual bonuses as a reward for their work? If so, you have plenty of company: It’s common to rely on annual bonus plans to build employee motivation and pad salaries. Do you give them, or do employees earn them?
SurveySparrow
JULY 3, 2019
While money is usually considered as the usual motivating quotient, that is not always the case and there are a hundred other ways for you to keep your employees satisfied where their efforts for the betterment of your company are being rewarded. . Employee recognition idea #1: .
Achievers
OCTOBER 24, 2017
Hourly workers are among the most unhappy employees in the workforce. When most companies hire hourly workers , they often focus solely on the dollar amount they must pay to attract qualified candidates, rather than the perks and benefits that can set them apart from other potential employers.
Workstride
JANUARY 10, 2019
When it comes to the incentives that motivate us to work harder, we tend to respond differently based on our personalities. Sure, most of us greatly appreciate a generous bonus, commission or restaurant gift card in response to our achievements. Those same principles should apply as you’re designing the channel incentive promotions that are likely to motivate the people working for your partners, distributors, dealers, and others in the channel.
|
Achievers
OCTOBER 6, 2016
Incentive Magazine revealed employee benefits are more valuable than ever – according to MetLife’s 10th annual study of employee benefits trends, there is a strong relationship between satisfaction with benefits and overall job satisfaction. Rewards and recognition.
Compensation Cafe
NOVEMBER 30, 2015
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. That’s the essence of employee engagement.
Total Employee Recognition
MARCH 14, 2018
Last week, United Airlines announced their plans to replace quarterly bonuses with a lottery rewards program. As you might imagine, their employees didn’t react favorably. In fact, the backlash was so severe, the company was forced to pause their plans almost immediately. Employee Engagement Employee Recognition Strategies Appreciation
Compensation Cafe
FEBRUARY 15, 2016
Many organizations rely on pay for performance programs to help drive employee behavior. In the best cases, these schemes are designed to differentiate among performance levels, rewarding effort and results with annual merit pay increases and other annual incentives.
Compensation Cafe
JANUARY 26, 2018
Editor's Note: Incentives and Recognition are key elements of a total reward portfolio, but they work in different ways and are better suited to different purposes. I’m often asked, “What’s the difference between incentives and recognition? Incentives/Bonuses Recognitio
Compensation Cafe
FEBRUARY 4, 2016
The impact of these changes can be felt throughout the organization, from senior leadership teams responsible for successfully planning around those challenges to the front-line employees who adapt their roles and deliver on those plans. How does your company help motivate manager performance?
Achievers
FEBRUARY 6, 2018
Job satisfaction is at the heart of employee engagement. This makes me question: how can we leverage neuroscience findings to help optimize employee engagement initiatives? Let’s take employee feedback and annual reviews for instance. Address the Drive to Acquire: Incentives.
Maritz Motivation
JUNE 20, 2018
Actually, when it comes to reward and recognition programs, quite a few things may be. So says a new study by the Incentive Research Foundation, Award Program Value & Evidence. The thoroughly documented report discusses two broad topics that should be of lasting interest to any HR professionals involved in employee recognition programs: . And what do employees do with their salaries? The reason employees often pour their reward into the household pot?
Compensation Cafe
DECEMBER 8, 2014
You can’t give all employees promotions, bonuses, or raises. Social recognition, however, can be applied to all. In perhaps a worst-case scenario, promotions are little more than title changes in which the employee’s job duties change little if at all with no pay increase.
Achievers
FEBRUARY 6, 2018
Job satisfaction is at the heart of employee engagement. This makes me question: how can we leverage neuroscience findings to help optimize employee engagement initiatives? Let’s take employee feedback and annual reviews for instance. Address the Drive to Acquire: Incentives.
HRsoft
OCTOBER 30, 2017
When executed effectively, bonus administration can incentivize improved performance. It also provides the recognition most employees seek, which can support employee engagement and help you retain your top talent. However, mastering bonus pay isn’t always easy.
exaqueo
DECEMBER 23, 2016
“People work for money but go the extra mile for recognition praise and rewards.” This week’s curated articles will get you thinking more about employee recognition and its link back to productivity, retention and more. 1) Trends in Employee Recognition from HR Trend Institute Employee recognition programs, once considered a “nice” but non-essential component of human resources, have changed dramatically over the past five years.
Aventr
SEPTEMBER 22, 2017
When deciding which incentives to offer your employees, you may be shocked what can work. It’s not always about spending a ton of money on your employees because money does not always equate to happiness. Today we are sharing some excellent workplace incentives that your employees want. You need to consider each employee incentive that you put forward heavily. Simple Recognition and Thanks. Bonuses + Raises. Company Culture
SnackNation
AUGUST 7, 2017
33 Thoughtful Employee Recognition & Appreciation Ideas for 2017. It pays to have amazing employee recognition ideas. You need to find the right employee recognition program for your company. So… What is employee recognition?
Dave's Weekly Thought
SEPTEMBER 23, 2016
Case Study #1: A Story of Manipulation Employee A (Let's call him Carl) had worked for Company X (let's call it Pied Piper ) for a calendar year. Achieving sales results did not come as easily in an Enterprise role at a large company and Carl struggled in this first year. his company had announced the end of the annual performance review process to be replaced with a high touch performance management system (even large corporations cannot refute common sense).
Achievers
FEBRUARY 27, 2017
Promoting a consistent culture of recognition is an essential component to employee engagement, but who says you can’t step up your appreciation game every once in a while? In the world of employee recognition, Employee Appreciation Day is the be-all and end-all of celebrations.
RecognizeThis!
AUGUST 6, 2015
Budgets must be appropriately established to reach all employees in a differentiated and calibrated way. How should I structure an employee recognition program that will have the kind of impact I’m seeking?”. Is your recognition program appropriately funded?
SuccessFactors
OCTOBER 7, 2016
It’s about time someone demystified and explained the differences between recognition and reward. Recognition and reward are two completely different things and are used for different purposes. Okay, so take the Incentive Marketing Association (IMA). When do you give recognition?
Achievers
JUNE 29, 2017
What’s the biggest problem when it comes to employee turnover? At many companies, when turnover rises executives point to HR to fix it – whose plate is already overflowing with terminations, payroll, benefits management, and back-fill recruiting. building employee networks/committees.
Compensation Cafe
DECEMBER 17, 2018
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.
Get Hppy
JULY 26, 2017
If you’ve ever felt underappreciated at work (and pretty much all of us have), then you know how important recognition is in the workplace. Employees who don’t feel recognized are twice as likely to say they’ll quit within the next year. Encourage peer-to-peer recognition.
Compensation Cafe
OCTOBER 2, 2017
What motivates employees best? Or perhaps how employees feel about their work? First, published last week, research summarized in “What Motivates Employees More: Rewards or Punishments?” The better employees feel about their work, the more motivated they remain over time.”.
Compensation Cafe
FEBRUARY 13, 2018
That, in addition to the tax break for corporate money repatriated overseas, means many companies are looking for ways to pass the benefits of the cut on to employees. To date, more than 260 companies have announced one-time bonuses for employees out of the expected return.
Compensation Cafe
NOVEMBER 9, 2017
I’ve been consulting with organizations on how best to structure – and fund – social recognition programs to create a culture of appreciation and gratitude in an organization for a couple of decades now. Recognition needs a different currency. Ah, humans.
Compensation Cafe
JUNE 5, 2018
He is a leader in the WorkHuman movement and the co-author of "The Power of Thanks" and his articles on fostering and managing a culture of appreciation through strategic recognition have been published in Businessweek, Workspan and HR Management.
Compensation Cafe
JULY 24, 2018
How does this impact the way we think about total rewards in an annual (or even quarterly) bonus structure? Timely rewards indicate to people both of these factors – that the work they are doing is meaningful, valuable, and worthy of recognition. Incentives/Bonuses Total Rewards
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