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1% of Payroll: The Magic Number For Social Recognition Investment

WorkHuman

Finding 3 in the 2016 SHRM/Globoforce Employee Recognition Survey shows that the sweet spot for values-based rewards and recognition investment is 1% or more of payroll. The annual pay raise or bonus for example, only gives a lift in employee engagement for about one month. The data doesn’t look good.

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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. Any ‘one-time’ employee payment should be clearly understood and pay close attention to the ‘Other’ category. If you’re not already subscribed to the Globoforce blog , take a moment to check it out. Compensation.

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What’s the Key to Talent Retention? Human-Centered Approaches, Says SHRM/Globoforce Report

HR Daily Advisor

HR leaders are using human-centered approaches in the workplace, which may help resolve retention, recruitment, and culture management challenges, according to a new report released by Globoforce ® , a provider of social recognition and continuous performance development solutions, and the Society for Human Resource Management (SHRM).

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How Four Companies Show Appreciation for Their Employees

Cornerstone On Demand

Employees are the backbone of your company, and a little recognition goes a long way. According to a SHRM/Globoforce report, companies that utilize strategic recognition are 48 percent more likely to see high employee engagement.

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5 Tips for Launching a Social Recognition Program

WorkHuman

Those companies are seeing strong impacts in employee engagement, happiness, productivity, retention, and more. The webinar will be co-hosted by Derek Irvine, vice president, client strategy and consulting at Globoforce, and Lynette Silva, senior recognition strategist at Globoforce. Register here. See you on Thursday!

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Say Goodbye to the Annual Bonus

WorkHuman

The video below features a snippet of Globoforce CEO Eric Mosley’s keynote from WorkHuman 2017. He shows the inherent flaws of the one-time, annual bonus and introduces the idea of crowdsourced rewards as a way to lift employee engagement and happiness throughout the year – using the same investment.

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Fixing Your Total Rewards Mix: Tom McMullen Q+A (Part 2)

WorkHuman

We did a joint study with Globoforce a couple of years ago on this topic. collaboration, operational excellence, innovation) can really engage the workforce. . “Peer recognition programs…can really engage the workforce.” to 1.0%+ of payroll, where respondents felt the program had real impact.