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How to Find Budget Dollars for Employee Recognition

HR Bartender

I thought about this as I was planning my agenda for this year’s WorkHuman Conference , pioneered by Globoforce. I saw that one of the sessions this year was titled “Show Me the Money: 5 Unexpected Places to Find Recognition Budget” and reached out to the speaker Rob Schmitter , solutions architect at Globoforce, to see if he would give us a sneak peek. Rob, I’d like to think that everyone understands recognition is important. Compensation. Let’s face it.

6 New Stats for Employee Recognition Skeptics

WorkHuman

I feel lucky to work for a company that understands and invests in employee recognition and rewards. But we’ve all worked for companies or leaders who don’t buy into the concept of employee recognition. New research from Globoforce’s WorkHuman Research Institute can help you silence the skeptics. Here are six new stats from that finding: Meaningful work is more important than compensation. Compensation was third on the list.

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With Globoforce on Social Recognition

Strategic HCM

I’ve just been attending an event with Globoforce and the Conference Board on social recognition. I’ve been a long supporter of Globoforce’s work on recognition, eg this webinar we did together, and also my support for their book – see this endorsement (which I still support) printed at the start of this: “Recognition is a hugely underused and badly misused HR and management tools. Globoforce’s Mood Tracker suggests that ‘only’ 38% of (N American?)

Driving Employee Engagement Requires Baseline of Competitive, Fair Pay

Compensation Cafe

In the last week, a couple of research reviews have crossed my desk, both summarizing decades of research, surveys and analysis in the complex and many-layered topics of employee recognition, engagement and retention. Key findings of the report include (quoting): Employees who receive recognition are more likely to be engaged at work. Workers who receive recognition are less likely to quit. Compensation Philosophy Recognition

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. Latest in these reports is Mercer’s 2015/2016 US Compensation Planning Survey, which is well summarized in this SHRM report. Career-change opportunities within the company to keep employees on board while diversifying capabilities.

Is Employee Engagement Moot in Today's High Stress Environments?

Compensation Cafe

It’s no wonder that only 13 percent of employees worldwide feel engaged in their occupation. And Gallup's latest employee engagement numbers remain stagnant: Engaged employees are involved in, enthusiastic about and committed to their work. Gallup's extensive research shows that employee engagement is strongly connected to business outcomes essential to an organization's financial success, such as productivity, profitability and customer engagement.

Employee Engagement All about Connections and Good Work

Compensation Cafe

Yesterday SHRM released its annual “Employee Job Satisfaction and Engagement Report.” It’s interesting in how it segregates true “satisfiers” from the factors and conditions that help employees more deeply engage. For example, SHRM makes the distinction this way: “Employee engagement may or may not be aligned with employee job satisfaction, as engagement is tied to employees’ connection and commitment to their work and their particular organization.”.

HR TechStack – Employee Engagement Software

WhoKnows

Employee Engagement Software Definition. Employee engagement software helps organizations solicit and track feedback from their employees, recognize employee achievements, and promote positive activity. Employee engagement tools are used to draw actionable insights from employee feedback. Promote employee recognition through internal communication channels. The HR TechStack for Employee Engagement Software.

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Cafe Classic: When You Can’t Differentiate Based on Compensation, What Do You Do to Stand Out?

Compensation Cafe

A highly unscientific poll method of asking colleagues and friends about their experience with or recommendations for the annual compensation increase process (by whatever name you want to call it – merit increase, raise, cost-of-living increase) shows deep dissatisfaction with the status quo. It’s clear even companies with the best of intentions for compensation cannot compete for top talent based on pay alone. Anyone can copy your compensation plan.

6 Hot Digital Workplace Trends from Gartner

WorkHuman

Workplace ethnography : Another emerging trend that complements team engagement is workplace ethnography. Mike Gotta and Carol Rozwell define it as “a research approach for understanding cultural dynamics between employees, group relationships, and the ways in which work is done. It is pursued to improve employee engagement, teamwork, work models, and technology use. It’s about recognizing employees in the moment , rather than once a year.

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Solving Pay Differentials between Executives and Staff; Men and Women

Compensation Cafe

UK-based HR Strategist Jon Ingham is an example (from his Strategic HCM blog) : “The issue is the wide variety in expectations of male and female employees. If women don’t think they’re going to receive a pay rise, and particularly if they believe that their male colleagues will, then this is going to reduce their engagement, discretionary behaviours, and reduce the impact of Britain’s pay rise on business and national productivity.”. d like to hear from the compensation experts.

4 Keys to Leadership According to Jack Welch

Compensation Cafe

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. And that’s the major challenge, and risk — keeping the “middle 70” engaged and motivated… Everyone in the middle 70 needs to be motivated, and made to feel as if they truly belong.”. Above-and-beyond bonuses available to any level of employee. First and foremost is employee engagement.

Are Employee Servcie Awards really necessary today?

OmegaHR Solutions

What do you do when you don’t have employees staying long enough for service awards? I was reading an article that gave examples of tax exempt benefits that your employees really want. One of these was recognition awards, including longevity awards for years of service. He further referenced a study by SHRM and Globoforce that said “ 90 percent of HR professionals surveyed said recognition programs positively impacted engagement.”

A Question of Measurement and Value Creation

Compensation Cafe

Developing the right formulas for executive compensation is a tricky balancing act, ensuring that one’s focus is appropriately distributed across short-term performance and longer-term value creation. One trend is to follow a Balanced Scorecard (BSC) philosophy, supplementing traditional financial metrics (such as accounting earnings or stock price) with nonfinancial metrics (such as employee engagement and customer satisfaction). Compensation Philosophy Recognition

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. It’s not a positive experience for the employee. To state the obvious, raises change base compensation levels. Once it’s exhausted, employees lose interest.”.

Cafe Classic: Influencer Networks - A Hidden Key to Recognition Program Success

Compensation Cafe

Editor's Note: We sometimes get fuzzy the difference between recognition and compensation as implements in our rewards toolbox. I know readers of Compensation Cafe know this, but let me state the obvious – compensation and recognition are very different.

#WorkHuman Day 2: Organization of the Future

The People Equation

Derek Irvine of Globoforce leads a panel discussion with HR Executives on how to make work more human. Derek Irvine, Globoforce’s VP, Client Strategy & Consulting, moderated a three-person panel of senior leaders in the HR role. The topics were wide-ranging, covering many aspects of the employee experience: recognition, performance management and the role of employee citizenship and charitable works on employee engagement scores.

Cafe Classic: Are Your Employees Volunteers or Robots?

Compensation Cafe

Editor's Note: Derek Irvine with some Classic advice on employee engagement and how to inspire - rather than "wring out" - the commitment you need. I’m passionate about helping organizational leaders create and strengthen cultures of recognition. Likely also no surprise to readers of this blog is an objection I often hear when speaking about the importance of recognition done right in driving key business goals. That’s recognition enough!”.

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[Webinar] Making Recognition More Inclusive at Cardinal Health

WorkHuman

“Our brains are hardwired to motivate us toward connection and belonging – it’s how we survive and thrive … and findings show that belonging and attachment to a group of co-workers is a better motivator for some employees than money.” – Pat Wadors, senior vice president of global talent organization at LinkedIn. Some discussion points we will tackle in the webinar are: Why was Cardinal Health looking for a new, global recognition strategy?

Cafe Classic: Why Employees Actually Leave (Hint: It's Not Money)

Compensation Cafe

Editor's Note: Why do employees leave? How much alignment is there between why managers think employees leave and their actual reasons for doing so? Leigh has been researching employee engagement and retention best practices for the last two decades and shared with the webinar participants his findings from deep analysis of employees included in the Saratoga Institute study (which included 20,700 surveys from employees in 17 industries, and 4,500 verbatim comments).

Cafe Classic: Employee Retention and How to Combat Wandering Eyes

Compensation Cafe

Editor's Note: Derek Irvine with research, insights and an unhappy metaphor (picture two of ten employees actively working to sink your organizational ship?!) to call our attention to employee engagement and retention. Indeed, they feel like they are constantly trading employees among their competitors, usually over a few dollars extra in pay. Engagement matters. Employee disengagement is not just a statistic in your company.

Cafe Classic: Employee Retention and How to Combat Wandering Eyes

Compensation Cafe

Editor's Note: In a tight labor market, are you giving your employees reason to stay? Derek Irvine on why engagement matters. Indeed, they feel like they are constantly trading employees among their competitors, usually over a few dollars extra in pay. Yet, when an employee’s decision to stay or go comes down to a small difference in the amount of money in their paycheck, you know you’re in trouble as an organization. Engagement matters.

Influencer Networks * A Hidden Key to Recognition Program Success

Compensation Cafe

I know readers of Compensation Cafe know this, but let me state the obvious – compensation and recognition are very different. A raise, for example, does not count as “recognition.” But one major difference between the two not often discussed is the public nature of recognition activities vs. compensation changes. And that’s the beauty of social recognition – the truly social aspect. Recognition