Give a Bonus of Heartfelt Appreciation This Year

RecognizeThis!

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.

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.

7 Misconceptions About Employee Recognition

WorkStride

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.

Non-Monetary Ideas for Employee Recognition

DATIS

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.

5 Things You Need To Know About Employee Recognition

Get Hppy

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.

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.

7 Employee recognition ideas that’ll work like a charm!

SurveySparrow

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: .

Matching Incentive Promotions to Partner Personality Types

WorkStride

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.

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.

What Hourly Workers Really Want (It Might Surprise You)

Achievers

Hourly workers are among the most unhappy employees in the workforce. Employee engagement is more important than ever before. Bonuses. Another work perk that hourly candidates care about is a performance-based employee bonus. Employee Recognition.

Accelerate Your Employee Recognition Program with Meaningful Rewards

Bonusly

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.

New IRF incentives study: Cash rewards not always that rewarding

Maritz Motivation

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?

3 Practices for Effective Bonus Administration

HRsoft

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.

Employee Recognition: Picking Up The Pieces

Dave's Weekly Thought

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. Employee Recognition would be leveraged as part of the Performance Management system. Carl asked each of his colleagues to send him a recognition through their peer to peer system. Within a week, Carl shot to the top of Recognition Leaderboard. Make the Great Place to Work list and Senior Managers receive a bonus.

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. That’s the essence of employee engagement.

Compensation Cafe: How to Get People to Work Harder

RecognizeThis!

But we all know the employee contract is not that simple. If all we’re getting from employees is the bare minimum of what’s outlined in the job description, then we are not only failing as managers, we are failing the employee, too. Recognize This!

33 Thoughtful Employee Recognition & Appreciation Ideas for 2017

SnackNation

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?

The Neuroscience of Employee Engagement

Achievers

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.

5 Insanely Great Company Perks That Will Draw Top Talent

Achievers

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.

Cafe Classic: Competition Is Good, Except When It’s Not - The Difference between Incentives and Recognition

Compensation Cafe

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

Is “Annual Incentive” a Contradiction in Terms?

Compensation Cafe

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.

Learning From United: Values-Based Incentives vs. Lottery Rewards

Total Employee Recognition

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. Employee Engagement Employee Recognition Strategies AppreciationIn fact, the backlash was so severe, the company was forced to pause their plans almost immediately.

The Tricky Business of Incentive Compensation

Compensation Cafe

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. Compensation Philosophy Incentives/Bonuses Recognition

Top Workplace Incentives Your Employees Actually Want

Aventr

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.

The Neuroscience of Employee Engagement

Achievers

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.

Promotions, Bonuses, Raises, Recognition - When They Work (and When They Don't)

Compensation Cafe

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.

Cafe Classic: Is it Safe to Incent Safety?

Compensation Cafe

Editor's Note: Continuing our end-of-summer Classic week here at the Café with the question "are incentives equally applicable to -- and appropriate for -- all areas of human endeavor?" . I recently came across an interesting article in Incentive Magazine about safety incentives.

Talent and HR News Weekly Update: Employee Recognition Trends

exaqueo

“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.

Out of the Box Ideas for Employee Appreciation Week

Achievers

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.

2 Critical Budget Considerations for Employee Social Recognition Programs

RecognizeThis!

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?

Recognition And Rewards Are Two Different Things

SuccessFactors

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?

Who Owns Retention? The REAL Employee Turnover Problem

Achievers

What’s the biggest problem when it comes to employee turnover? This often includes, but is not limited to: conducting and analyzing employee surveys and stay interviews. building employee networks/committees. implementing recognition and appreciation programs across organization.

8 Small But Powerful Ways To Recognize Employees

Get Hppy

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.

eBook 119

Why you should identify your employees’ intrinsic and extrinsic motivators

Achievers

Savvy employers understand the difference between intrinsic and external (extrinsic) motivators and develop engagement programs that recognize and reward employees for exercising the right behaviors and aligning with company goals. A motivated employee is more likely to go beyond minimum work expectations, deliver high-quality work, and seek out new challenges. The rewards are tangible and often monetary, like pay increases, new benefits, bonuses, or promotions.

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.