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How to Build an Effective Employee Recognition Program

Terryberry

There is no question that companies with an employee recognition program are becoming more common. Employee recognition programs can take many different forms, but at their core, they all aim to appreciate employees for a job well done. What Is an Employee Recognition Program and How Do They Work?

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3 Ways to Help Employees Understand Their Worth

Cornerstone On Demand

" The lack of communication around compensation leads employees to make their own assumptions about their worth — and how their paychecks stack up to their peers. Always Pair Compensation With Explanation. When you are able to give employees a raise or bonus, make sure to explain why you're giving it.

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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Assessing Employee Retention Strategies Organizations need to seriously commit to understanding how to improve employee retention and then actively retain key employees to maintain the stability and productivity of their organization. Here, other forms of monetary compensation are useful as well.

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How Social Recognition Can Inform and Influence Succession Planning

Compensation Cafe

Succession planning is another area HR pros identify as a top workforce challenge that employee recognition can address for real business impact. In our annual survey with SHRM , succession planning continually makes the top 5 (see chart below). Strategic, social recognition influences success planning in two ways: 1.

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Career, Community, Cause – Growth, Relationships, Meaning

Compensation Cafe

Facebook people leaders and Wharton professor and author Adam Grant recently collaborated on analysis of surveys of Facebook employees and their thoughts on what really matters to them – at work and in life. The base level of Maslow’s Hierarchy still needs to be fulfilled, as it is through the employment contract and compensation.

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2023 HR Statistics, Trends & Data: Ultimate List

HR Tech Girl

In this post, we’ve rounded up some insightful HR statistics to help both HR and non-HR professionals alike make those hard decisions and have a positive impact on your employees and your company. Keep up with hiring and recruitment trends to decide what works for you and your potential employees. 74% of employees in the U.S

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Why Friends at Work Matter

Compensation Cafe

As workplaces become increasing more generationally diverse, it becomes important (even vital) to recognize the different, and evolving, communication styles of employees.”. HRZone published a UK survey highlighting the more concerning end of the spectrum on relationships”. How does all of this tie into a blog on compensation strategy?

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