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.

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.

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.

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

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.

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.

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. Acknowledging achievement can have serious ROI – to the tune of 50% higher productivity and as much as 20% increase in business outcomes.

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.

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.

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?

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

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.

3 Innovative Compensation Ideas Ready for Prime Time

Compensation Cafe

They change employee commitment to their colleagues, their customers, and their company. After completing the 90-day new-hire training period, Zappos needs to know its newest employees are all-in. Compensation Philosophy Incentives/Bonuses Pay for Performance Recognition

When Irrational Humans Make Good Decisions

Compensation Cafe

That statement alone could fuel many long conversations, but the simple truth of it is often something we ignore when thinking about how best to support our employees in bringing their own best selves to work every day. In what ways are your employees or colleagues positively irrational?

What Makes a Good Channel Sales Partner?

WorkStride

You know your product best, so when it comes to finding companies and reps to sell your product through a channel instead of through inside sales, you want to make sure you are working with valuable partners. Not every potential seller should sell your product. The first thing you want to do is create the criteria of what your product entails, and who might be a good seller for your product. How complex are your products or services? Bonus Points.

Cafe Classic: Unions, Recognition and Employee Engagement

Compensation Cafe

Editor's Note: Today's Classic features Derek Irvine with some data and insights about the importance of employee engagement - even (and some might argue especially) in a union environment. In today’s workplace, unions still have power when they need to step in for employee rights.

It’s beginning to look and feel a lot like Christmas!

Clarity Wave

The holidays bring a time of appreciation and gratitude towards friends, family, employees and colleagues. You often hear about more and more large companies discontinuing bonuses and Holiday office parties. The other is that happy customers come from happy employees.

Rewards Matter: 4 great ways to recognize employees

HR Morning

But for any good employee worth having on your payroll, being recognized for their efforts is as important to them as their paycheck – with the added bonus that a well-planned employee recognition program boosts retention. Are 42% of your employees looking to leave?

Lower Your Employee Turn Over Rate by Doing These 3 Things

Women of HR

Employers who experience high employee turnover lose a lot of time and money to new hire searches, interviews, onboarding and training. Although this problem is commonly seen in the retail sector, employee attrition can occur in any industry and any type or size of business. A high employee turnover rate happens for a variety of reasons; some workers take on a job for extra cash before returning to school or while searching for a new job that is more in line with their career goals.

How and Why You Need to Recognize Your Executives

Bonusly

Most employee recognition programs position senior leaders as champions or role models, not candidates for feedback. Senior leaders make excellent champions and role models for receiving recognition as well as giving it. Building a recognition culture.

When It Comes To Rewarding Employees, Is Cash Really King?

SuccessFactors

In 1929, jeweler Edward Maritz began distributing watches to corporations to give to their employees as rewards for sales and service. For simplicity’s sake, it’s tempting to fall back on rewarding employees with cash. The push for non-cash incentive programs.

Rewards Matter: 4 great ways to recognize employees

HR Morning

But for any good employee, being recognized for effort is as important to them as their paycheck – with the added bonus that a well-planned employee recognition program boosts retention and productivity. Of course, in most places there’s just not a lot of extra money for bonuses, expensive gifts or over-the-top employee recognition celebrations. There are a lot of very effective ways to recognize employees without your CFO blowing a gasket.

How to Turn Disengaged Employees into Brand Ambassadors

CakeHR

Every employee across every department in your business has a role to play and if you’re not managing to inspire your talent to be brand ambassadors for you, then something is wrong. The impact of disengaged employees. Creating a positive work culture can do wonders for productivity.

The Dos and Don'ts of a Flexible Work Schedule

Bonusly

That’s why it’s so important to engage employees in ways that are meaningful and desirable. Earlier this year, QuickBooks ran a pay and benefits survey , asking 1,000 employees about their satisfaction and what benefits they’d prefer from their employer.

Why Appreciating and Rewarding Employees is More Important Than Ever

Empxtrack

Experts believe that praise and recognition have always been crucial in improving employee productivity, engagement and retention. What experts say on employee recognition. Recently, Gallup surveyed 4+ million employees across multiple countries to know their views on employee reward and recognition. It was found, that employees who receive regular praise and recognition –. How to reward and compensate employees?

What it Takes to Build a High-Performance Workforce

Get Hppy

Can we say that these people are simply better than the average group of employees who contribute to business regularly? In other words, no matter the qualities of each employee, what truly matters is the teamwork. Leadership and Employee Engagement.

How Intrinsic Employee Motivation Will Help You Build Your Dream Team

Business2Community Leadership

It doesn’t matter how great your product or service is. Competition is high for finding and retaining those star employees that will set your business apart. Now, more than ever, it has become critical for companies to engage and excite their employees (both current and potential).

Creative Ways to Recognize and Reward Employees

Terryberry

Being in the employee recognition business, we’re constantly on the lookout for fresh new ways to recognize and reward employees. We recently came across this “Ultimate List” of creative ways to reward employees by our friends at SnackNation.

8 Influential Employee Engagement Trends for 2019

Bonusly

Employee engagement will be one of the most important differentiators for organizations in 2019, and it’s an issue that nearly every organizational leader has thought about recently. It’s the emotional commitment an employee has to their role, their organization, and stakeholders.

Walking a Tightrope: Recognizing High Performers Without Discouraging Other Employees

WorkStride

Employee engagement is a relatively new concept and concern in the work world. It used to be that only top performers received raises, accolades, and bonuses. Some of your best employees might not be “stars” on paper. Random recognition builds morale and keeps things fresh.

hard work: recognising and rewarding

O.C. Tanner

Are you giving them the recognition and rewards they deserve? What’s the incentive to work hard beyond plain and simple personal satisfaction for a job well done? But you may still ask if recognition is really worth it? Your time is precious, but so is your employees’ time.

How to Effectively Incentivize Your Sales Team

Bonusly

With the right incentives, businesses can keep their pipelines full. Without those incentives, organizations’ unmotivated sales teams will suffer poor performance and decreased growth. Unfortunately, the current incentive system is broken.