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.

20+ Employee Recognition Program Benefits and Ideas

Semos Cloud

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.

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.

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.

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. . Look for folks who work well with people.

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.

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.

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.

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

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.

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!

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.

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.

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. Well, it’s not as easy as it seems. You need to find the right employee recognition program for your company.

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.

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.

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.

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? If turnover is a problem, it is very possible that reworking your recruiting processes might be needed as well. This often includes, but is not limited to: conducting and analyzing employee surveys and stay interviews.

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?

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.

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.

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Why Potential Rewards Matter More at Work than Fear of Punishment

Compensation Cafe

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.”.

3 Reasons Why Metrics Go Wrong

Compensation Cafe

At the same time, rewarding individuals for measured performance diminishes a sense of common purpose, as well as the social relationships that motivate cooperation and effectiveness. Incentives/Bonuses Pay for Performance Performance Management

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.

4 Keys to Leadership According to Jack Welch

Compensation Cafe

This article included a few nuggets well worth sharing. “To To be a good leader for your employees, one needs to be rich with your praise, cheer them on, love to watch them grow and be excited about their success. You need to love to give bonuses.

How to Reward Your Staff over Christmas and the New Year

Get Hppy

But sometimes it is best to look beyond the ‘traditional’ Christmas incentives such as yearly bonuses or a big office party. Some businesses like to give employees the chance for a longer period of time off over Christmas if they can get all of their outstanding work done.

Cafe Classic: Balancing Process and Outcomes – How “Silo” Thinking Can End Up Rewarding the Wrong Thing

Compensation Cafe

Organizations that implement employee recognition and reward programs usually do so with the best of intentions. Avoiding silo creation and balancing process and outcomes are the two critical areas to always keep in mind in recognition and reward program planning.

Why Appreciating the Labor of Others Matters

Compensation Cafe

I greatly appreciate the concept of pausing for a day to celebrate both the people who labor as well as the fruits of their work. Kaplan drives homes several important reminders that serve us well as we move into the Fall season. Incentives/Bonuses Recognition

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.

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. Somewhere down the line I think people forgot how to reward and recognize others during a time of giving; well it’s time to bring that back.

Where Have All the Raises Gone?

Compensation Cafe

Last month The New York Times ran an article bemoaning the loss of pay raises in favor of one-time bonuses and non-monetary rewards. Cited in the article, analyst firm Aon Hewitt calls this a “drastic shift” based on the firm’s annual survey on salaried employee compensation.

Will Keeping SCORE Help You Keep Top Employees?

Compensation Cafe

How do you measure impact of efforts to improve employee satisfaction, engagement and retention? According to the article, SCORE stands for the primary employee concerns in the engagement and employment contract: Stability, Compensation, Opportunity, Responsibility, Environment.

Fair Pay, Differentiated Rewards

Compensation Cafe

Let these employees shadow their VP for a day or two including any meetings with clients and top management. Hire them well; resource and engage them well on projects (instead of making them sit around for too long in dysfunctional groups, or in scrappy work spaces and work environments, etc.);

Monetary Reward vs Experience Based Rewards

Benefit One USA

We all are very familiar with the importance of motivation at work-place for employees. For motivating the employees, almost all the organizations grapple with the kind of rewards to be offered. With this article, let us explain the difference between the two: Monetary Rewards: These are the incentives that involve direct money to the employees like gift cards, bonus, profit sharing etc. It too wants employee satisfaction & engagement.

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.